- The brand is working on electric vehicle projects at the Centre Of Innovation & Technology, Hero MotoCorp’s R&D centre in Jaipur
- Hero MotoCorp has also invested in Ather Energy, a Bengaluru-based startup
In its annual report, Pawan Munjal, chairman of Hero MotoCorp, has revealed that the company is working on multiple electric vehicle (EV) projects. Munjal added that there needs to be a more cautious, clear and realistic roadmap towards the adoption of EVs.
He also opined that the scale and timing of the adoption need to be well thought out before implementing. The brand is working on electric vehicle projects at the Centre Of Innovation & Technology, Hero MotoCorp’s R&D centre in Jaipur.
The comments seem to have come as a response to the recent reports of the government considering a ban on the sale of sub-150cc two-wheelers by April 2025, replacing them with electric two-wheelers.
While the proposed move hasn’t been finalised yet, it became a major cause of concern for a number of automakers as they deemed the proposed deadline to be too tight. However, the push towards electrification has prompted many manufacturers in India to speed up their electric vehicle development.
Alongside its own work on multiple electric vehicles, Hero MotoCorp has also invested in Ather Energy, a Bengaluru-based startup. While we could see a technology transfer to Hero’s upcoming electric products, expect the Indian brand to cement a base in the entry-level electric segment first, followed by a premium product later.