Hero Electric, which is aggressively expanding both its manufacturing capacity as well as retail network to meet growing demand for electric two-wheelers, has announced plans to set up an R&D centre.
The company says the aim is “to redefine standards for features, quality, safety, and technological innovations for its products.”
According to Sohinder Gill, CEO of Hero Electric, “Our teams have been our greatest strength and most valuable asset. We constantly strive to make our work environment stimulating and exciting, throwing up challenges to the employees to innovate and conceive new ideas. The new R&D setup will be the nerve centre of our future product development incorporating the latest and the best technologies in electric two-wheelers. The R&D centre will collaborate with academia and incubators across the globe to work on mid- and long-term strategies of our product.”
Hero Electric powers up in July
Hero Electric, which is fast ramping up manufacturing capacity, is the best-selling EV maker in July 2022, with 8,953 units, 860 units ahead of Okinawa Autotech’s 8,093 units. This strong on-ground performance is a 38% month-on-month increase (June 2022: 6,503 units) and takes the company to No. 4 position in the first four months (April-July 2022) of the ongoing fiscal year.
The company, which is aggressively driving expansion, currently has over 750 sales and service outlets along with a widespread charging network and trained roadside mechanics on EVs. Hero Electric is also investing in expanding the EV charging network. Earlier this year, it began manufacturing and rollout of its Optima and NYX e-scooters from Mahindra Group’s plant in Pithampur, Madhya Pradesh.