Hero Electric to set up Rs 1,200 crore, 2-million-units plant in Rajasthan
Located in the Salarpur industrial region, the state-of-the-art manufacturing facility will commence commercial production by the end of 2023.
Hero Electric, India’s largest electric two-wheeler company, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to set up its mega EV manufacturing hub with an annual production capacity of two million units.
The MoU was signed at the Invest Rajasthan Summit in the presence of senior state officials and Naveen Munjal, Managing Director, Hero Electric.
Located in Salarpur industrial region, the state-of-the-art manufacturing is spread over 170 acres and will commence commercial production by the end of 2023. The upcoming facility will be equipped with modern equipment, robotics, and innovative technologies and utilize sustainable and renewable resources like solar energy. There will be an estimated investment of over Rs 1,200 crore and provide direct or indirect employment opportunities. Furthermore, this initiative is a foot forward in making Rajasthan the new EV manufacturing hub for OEMs and ancillaries.
Naveen Munjal, Managing Director, Hero Electric, said, “Strengthening our commitment towards carbon-free mobility, we are delighted to announce our new manufacturing facility in Salarpur, Rajasthan. We are thankful to the Rajasthan government for their support in setting up our third greenfield plant that will help promote a circular economy in the Salarpur industrial area. This mega manufacturing facility is part of our capacity enhancement to boost EV adoption across India. It will allow the state to spearhead clean mobility solution shift and promote ecological tourism practices."
Sohinder Gill, CEO, Hero Electric, said, “A 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 the clean solar energy that state provides. Rajasthan government has been very proactive and positive in promoting electric mobility and we would work closely with the government to create the largest and the best electric two-wheeler manufacturing cluster in north India, that would have a complete ecosystem of ancillaries to help the overall development of the rural zones in and around Salarpur.”
The new plant in Rajasthan will manufacture all the current and upcoming Hero Electric two-wheelers.
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