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Hero Electric, the largest electric two-wheeler company of India, has signed an agreement with Rajasthan Government in order to establish its mega electric vehicle manufacturing facility. The company’s new EV hub is expected to be built at an investment of more than Rs 1,200 crore. It will have a production capacity of 2 million units annually.
In the presence of high-ranking state officials as well as Naveen Munjal (Managing Director of Hero Electric), the MoU was signed at Invest Rajasthan summit. Hero Electric’s new EV plant, which will cover 170 acres, will be in Salarpur Industrial Region. The commercial production of EVs is expected to begin by 2023. It is expected to have robotics, modern equipment, and innovative technologies. It will also use sustainable and renewable resources such as solar energy. There will be direct and indirect job opportunities.
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, the CEO, of Hero Electric, said, “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.”
He added, “Rajasthan government has been very proactive and positive in promoting electric mobility along with us and we would work closely with the govt 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 state is already a very popular destination for global tourism and we would endeavour to do our bit in adding the sustainability quotient in that drive.”