Hero Electric plans additional factories
The Indian manufacturer intends to increase sales of its electric scooters tenfold within the next five years. For this year, Hero Electrics calculates with a sales result of 25,000 units.
Its existing plant in Ludhiana has a production output of 50,000 units annually. In order to increase its production capacity, the company plans now to install additional plants.
In May, Hero Electric announced plans to extend its line-up and thus, to enter the market with two new models every year, starting in 2017. To power the electric scooters, Hero has struck a deal with Bosch to supply electric drives.
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