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M&M to manufacture electric bikes for Hero Electric
Business Standard | 19/01/2022 02:00 PM | Click to read full article
Mahindra & Mahindra (M&M) today announced a strategic partnership with Hero Electric to cater to the ever-growing demand for EVs in the country.As part of the partnership, Mahindra Group will manufacture Hero Electric's most popular electric bikes- Optima & NYX at their Pitampur plant to meet the growing demands of the market.
With the collaboration along with the expansion of their existing Ludhiana facility, Hero will be able to meet its demand of manufacturing over 1 million EVs per year by 2022.