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Bajaj Auto Limited, ‘The World’s Favourite Indian’, today announced an investment of Rs 300 Cr (USD 40 Mn) and commenced work at a brand-new unit at Akurdi for manufacturing Electric Vehicles. This unit will have a production capacity of 500,000 EVs per annum. Akurdi (Pune) is also the site of the original Chetak scooter factory that made Bajaj Auto a household name in India. Speaking about the new unit, Mr Rajiv Bajaj – Managing Director, Bajaj Auto Ltd. said...
Hero Electric bolsters presence in country with another manufacturing unit in Ludhiana
Hero Electric, India’s largest electric two-wheeler company, performed the ground-breaking ceremony of its second plant in Ludhiana, Punjab. The upcoming state-of-the-art manufacturing facility is adjacent to its existing facility and is targeted at ramping up the production capacity. This latest announcement comes at an opportune moment, with a strong need to increase operational efficiency and production capacity to meet the growing demand for electric vehicles. Hero Electric has b...
