Hero Motocorp is once again taking a gander at acquiring or tying up with battery production of electric two wheelers for access to most latest technologies as it produces electric bikes and crossover bikes for businesses like the US and Europe.
Pawan Munjal, vice-chairman, MD & CEO of Hero MotoCorp, said, “This is on my mind. We are looking at tie-ups and acquisitions, especially on the battery side. We are almost ready with our hybrid scooter Leap, but are yet to finalise the launch plans, and we are also working on an electric bike called SimpliCity.”
Hero Motocorp, alongside its specialized accomplices, has created a few new bike ideas, including the RNT diesel-cross breed bike it showcased this year. Hence, a year ago the company promoted a Rs 450-crore speculation for its own particular R&D office close Jaipur to create items starting from the earliest stage - it was prior kept from doing so under its JV with Honda, which finished in 2011.
Munjal said the company will launch its vehicles in the crucial US market around June 2016. “We have already sent our vehicles for homologation (a process of market certification) in the US. We would set up our distribution, but are undecided on branding,” he said.
On the other side, Hero will begin production at its 1.8-million-units-for every year fifth plant in Gujarat by October-December 2015 while it is likewise conversing with different southern states for a sixth plant. Legend's household yield is as of now 7.65 million units.