Hero Electric: Facts & Figures

[Nairrk]

Hero Electric And SUN Mobility Partner To Deploy 10,000 Electric Swappable Two-Wheelers In 2022-23

Hero Electric has partnered with Sun Mobility to deploy electric two-wheelers integrated with the latter's smart- swappable battery technology. As part of the partnership, Hero Electric and SUN Mobility jointly will begin deployments in the next three months with a target of around 10,000 electric two-wheelers by the end of this year.

Sun Mobility's battery technology and the interoperability of battery swapping infrastructure will enable Hero Electric's customers to own electric two-wheelers without having to worry about battery and charging infrastructure. It also addresses the issue of extensive charging times and range anxiety, as the batteries can be swapped in a matter of minutes. The network of Quick Interchange Stations allows for a 'refuelling' infrastructure that is faster, cheaper, and more convenient than the conventional petrol and diesel pumps for ICE vehicles. This solution also works on a Pay-Per-Use model that empowers individuals, e-commerce companies, and fleet operators to easily adopt electric mobility for last-mile connectivity.

Commenting on the partnership, Sohinder Gill, CEO, Hero Electric, said, " Through this partnership, we will be offering variety of solutions to the customers suiting their needs and giving them the ultimate pleasure of adopting eco-friendly economical and convenient mobility solutions. Hero Electric and Sun Mobility would create an ecosystem where the customer has access to the latest battery technologies throughout the product lifecycle without incurring repetitive costs of purchase. They would also collaborate on innovative financing options making it easier for customers to go electric.

Chetan Maini, Co-Founder and Chairman of Sun Mobility, said, "The confluence of Hero Electric's futuristic vision on understanding the EV space and the pros of the battery swapping technology, along with the government's commendable initiatives to come up with tangible policies, will definitely augur well with our common goal to accelerate the demand and adoption of EVs in the country."

Carandbike

 

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Hero Electric ties up with ElectricPe to set up charging infrastructure

Hero Electric on Tuesday said it has joined hands with EV charging platform ElectricPe to set up charging points across India for its customers.

The collaboration entails Hero Electric riders to access ElectricPe's charging network.

The charging points would come up at residential complexes, offices, malls, and other establishments.

The alliance will help strengthen the charging network and propel EV adoption across the country, Hero Electric said in a statement.

"A robust charging network is crucial for the growing EV sector for faster adoption of EVs across the segment. This association will provide a seamless charging and EV riding experience to customers by easing the accessibility through ElectricPe's charging points that are getting installed on a large scale across the country," Hero Electric CEO Sohinder Gill noted.

With the company's vision and commitment to advancing the growth of EVs, it is working rigorously to scale up the charging infrastructure, he added.

"We are confident that the partnership will aid in sustaining the push towards EVs and facilitate a smooth transition towards clean and green mobility solutions," Gill said.

ElectricPe Co-Founder & CEO Avinash Sharma said the association with Hero Electric will further its goal to bring clean and affordable access to charging to a billion Indians, right at their doorstep.

Newindianexpress

 

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Hero Electric partners with EVIFY to transform last mile delivery services

Hero Electric has announced a partnership with EVIFY, a tech-enabled electric vehicle-based logistics company. As part of the partnership, Hero Electric will deploy 1,000 electric scooters to EVIFY over the next two years. The first 50 units are already in production and will be delivered by May 2022. Additionally, Hero will be delivering 500 EVs to be deployed by EVIFY in multiple Tier 2 and Tier 3 cities by the year end. According to Hero Electric, the pandemic has unlocked the tremendous potential in intracity, first mile, mid-mile and last mile logistics segment.
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[Nairrk]

Hero Electric announces the country’s second manufacturing unit in Ludhiana

Hero Electric performed the ground-breaking ceremony of its second plant in Ludhiana, Punjab. The upcoming manufacturing facility is adjacent to its existing facility and is targeted at ramping up the production capacity. This latest announcement comes with a strong need to increase operational efficiency and production capacity to meet the growing demand for electric vehicles.

Hero Electric has been in the business of manufacturing E2Ws for over 14 years and is committed to bringing a positive transformation in the way Indians commute. The greenfield plant is spread across an area of 10 acres and will have an annual production capacity of 200,000 vehicles. The new manufacturing facility will also be in sync with the Hon’ble Prime Minister’s vision of ‘Make in India’ and will look to promote indigenous capabilities in both domestic and international markets.

The announcement of a new facility comes months after the company announced raising its annual production capacity to 1 million units in the next three years.

Naveen Munjal, Managing Director, Hero Electric said, “We are very excited to announce our new manufacturing facility in Ludhiana given the exciting growth phase for the EV market. India’s EV revolution rides on two wheels making this the perfect time to expand and grow. The upcoming greenfield plant will aid in delivering the best mobility solution and catering to the spurred demand for e2Ws. The facility will boost our vision of moving the world to sustainable mobility solutions. This is our second facility, and as we march ahead, we will invest in expanding capacities to achieve the target of 1 million capacities by 2025.”

Sohinder Gill, CEO, Hero Electric said, “Looking at the opportunity and the long waiting list of customers we have decided to accelerate the construction of a 200,000-capacity plant at Ludhiana. This plant would be functional in a record time of 7 months using prefab hybrid modular techniques.”

The plant will be a hub for building new battery design and development and futuristic products. The plant will be a focal point for IOTA, connected vehicles, R&D, and the launch of new features, etc. The 2nd plant at Ludhiana will also bolster R&D and HR mechanisms for skill building and talent acquisition through integrated and unique recruitment plans.

Hero Electric’s new manufacturing utility aligns with its vision of creating a more sustainable, connected, and accessible future of E2W mobility. Witnessing a robust demand, the company has recently inaugurated dealerships in UP and Kerala and has rolled out the first batch of electric scooters from Mahindra’s Pithampur plant in Madhya Pradesh.

News credit: Financial Express

 

[Nairrk]

Hero Electric to set up Rs 1200 crore electric vehicle manufacturing plant in Rajasthan

Two-wheeler maker Hero Electric will set up a mega electric vehicle (EV) manufacturing plant with an investment of Rs 1200 crore in Rajasthan, the company said on Monday. The company signed a Memorandum of Understanding (MoU) with the state government at the Invest Rajasthan summit, according to news agency IANS.

The proposed unit will be located in Salarpur industrial region in the Alwar district. The production is expected to start by the end of 2023.

Hero Electric MD Naveen Munjal said that this manufacturing facility is part of the company's capacity enhancement to boost EV adoption across India. The unit, he said, will allow the state to spearhead a clean mobility solution shift and promote ecological tourism practices.

The two-wheeler major said that the proposed facility will manufacture all the current and upcoming bikes.

"Greenfield facility of this mega-size and large budget gives us the opportunity to introduce very energy efficient green manufacturing processes with a healthy blend of automation using robotic arms and the nimble-fingered skills of the local artisan workforce, using the clean solar energy that state provides," said CEO Sohinder Gill said.

In a separate development, Hero MotoCorp recently announced that it has entered into a collaboration with HPCL to establish charging infrastructure for EVs in the country. As a part of the initiative, the companies will set up charging infrastructure for two-wheeled electric vehicles across the country, thereby providing a fillip to mass mobility’s transition towards an electrified future.

The two companies will first establish charging infrastructure at HPCL’s existing network of nationwide energy stations, with the likelihood of subsequently broadening the collaboration for supplementary business opportunities.

The company last week also announced that it had increased the ex-showroom prices of its motorcycles and scooters by Rs 1,000. However, the exact quantum of increase will vary by model and market.

Business Standard

 

[Nairrk]

Hero MotoCorp’s Vida opens first ‘Experience Centre’ in Bengaluru

Hero MotoCorp’s electric vehicle brand, Vida, has announced opening its first ‘Experience Centre’ in Bengaluru. The company, which launched its first electric scooter, the Vida V1, says that the new experience centre will provide an immersive and a completely differentiated experience to customers. Located at Vittal Mallya Road, in Bengaluru city, customers visiting the centre will get to familiarise themselves with the brand, experience the product and know more about the Vida ecosystem. To mark the occasion, Vida has also commenced customer test rides of the Vida V1 from today.

Talking about the new experience centre, Swadesh Srivastava, Head – Emerging Mobility Business Unit (EMBU), Hero MotoCorp said, “Expanding our vision to shape the EV category and grow its scale, we are excited to open the first VIDA Experience Centre. This Experience Centre is a manifestation of our vision to build experiences that create curiosity, meaningfulness and that people connect with. The Experience Centre will provide the community an insight to the ‘Worry-free EV ecosystem’ that we have created with VIDA. This centre is one of the many physical assets of our omnichannel approach. Our tech stack and physical assets are built to uplift the customer experience from just entering into a space of retail to a space where they can be part of a larger story. It's a one-of-its-kind experience that we are providing in the segment.”
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[Nairrk]

Hero Electric co-develops electric bike motors with NIDEC Japan

NIDEC’s electric motors will now be deployed on Hero Electrics city speed range of electric bikes. The roll-out is expected in February 2023.

On the sidelines of the IEB Autotech2022, which is currently underway in Tokyo, Hero Electric has formally announced a preferred-partner relationship with electric motor manufacturer, NIDEC Japan.

Hero Electric entered into a partnership with NIDEC Japan over two years ago and began co-developing electric bikes motors for its entire range. The co-development involved extensive inputs from the Hero Electric’s R&D team to the hugely experienced team at NIDEC.

Speaking at the side-lines of the IEB Autotech 2022, Sohinder Gill, CEO, Hero Electric, India said, “Our partnership with NIDEC Japan was forged to help alleviate our growing supply chain issues. Having them on board and our close partnership with them is now allowing us to develop power train components across all our product range progressively.”

Commenting on the partnership with Hero Electric, NIDEC spokesperson said, “We take this opportunity to thank the entire management and the entire team of Hero Electric for their never-ending support and collaboration in developing this Hub Motor. We hope that this is the beginning of more such breakthroughs and development collaborating with Hero Electric and that this partnership shall be a landmark one in the field of Electric Vehicle Motors in India.”

Indian driving and road conditions have unique challenges and components need to be designed keeping in mind challenging issues like extreme temperatures, dust, overloading and inconsistencies in the power supply in the country.

NIDEC spokesperson added that “It is our pleasure and honour to announce that after a marathon series of meetings with Hero Electric, our Research and Development team have been working tirelessly and NIDEC India P has achieved a breakthrough and has developed a Hub Motor, with modern advance technology suitable to Indian conditions and which will ensure best ride ever”.

Speaking on the supply chain issues faced by Hero Electric, Gill added, “Had the leading Indian suppliers of batteries and other automotive components exhibited the confidence and a risk appetite to take a leap into the EV world, India would have laid a foundation of a very robust Indian supply chain of all EV components and helped India’s mission of being self-reliant in emerging technologies.”

Hero Electric is one of the largest electric two-wheeler companies in India, with over 550,000 customers. The company recently signed an MoU with the Rajasthan Government to set up its mega EV manufacturing hub with an annual production capacity of 2 million units.

Meanwhile, Kyoto-based NIDEC Corporation has announced a new plant in western Rajasthan spread across a 16,000 sq. meter area to increase its production capacity. With the growing demand for electric vehicles, NIDEC plans further expansion to Southeast Asia to consolidate sales of 10 trillion yen by 2030.

Financial Express

 

[350Z]

Hero Electric has achieved a new milestone by crossing the 1,00,000-unit sales mark for the second consecutive financial year. Sharing more details below.​

Press Release:

India’s largest electric two-wheeler manufacturer, has achieved another milestone by crossing the 1 lakh unit sales mark for the second consecutive financial year. This achievement is a testament to the company's commitment to offering clean, green, and affordable mobility solutions to the masses. Hero's impressive sales performance can be attributed to its varied and revamped product portfolio by introducing a focused range of 5 platforms (Photon, Optima, NYX, Eddy and Atria) with multiple variants catering to the diverse requirements of riders.

It has taken a step towards connected vehicle technology by recently launching three new products - Optima CX5.0 (Dual Battery), Optima CX2.0 (Single Battery), and NYX (Dual Battery). The latest Hero Electric two-wheelers boast a best-in-class optimized powertrain, and enhanced safety, ushering in a new era of smart-connected mobility.

Mr. Sohinder Gill, CEO of Hero Electric, said, "We are thrilled to have crossed Rs.1000 Cr turnover with a 20% increase over the previous year. This achievement is a result of our continued efforts to provide sustainable and affordable mobility solutions. It further fortifies the trust that our customers have placed in us and our products. At Hero Electric, we are committed to providing the best-in-class electric mobility solutions that are not only environment-friendly but also convenient and affordable. The 3 new models that we launched are in line with our philosophy to offer the most meaningful mobility solutions to a value conscious customer. We will continue to innovate and bring new products to the market that meet the evolving needs of our customers and reduce carbon emissions."

Hero Electric has been at the forefront of the electric mobility revolution in India, with a wide range of products catering to diverse segments of customers. With the Government's push towards promoting electric vehicles and the increasing demand for clean and sustainable mobility solutions, Hero Electric is well-positioned to strengthen its position as a leading player in the industry.

The electric two-wheeler manufacturer continues to invest in expanding its manufacturing capacity and dealership presence and strengthening the EV ecosystem. With an upcoming greenfield plant at Ludhiana and the strategic partnership with the Mahindra Group, the company now has a manufacturing capacity of half a million bikes and plans to set up a greenfield plant in Rajasthan with an annual production capacity of 2 million units. Hero Electric is building a holistic EV ecosystem and is inking partnerships to strengthen financing, charging infrastructure, and service networks. It targets to train/re-skill over 25,000 mechanics under its PGO Initiative aiding in an overall enhanced EV-owning experience. Addressing the needs of range anxiety, Hero has also set itself a target of building a comprehensive charging network by installing up to 20,000 stations by the end of this year.

Drive Safe,
350Z