Hero MotoCorp has announced that it is going to launch an electric model next year, marking its entry into the EV segment.

According to a report, to develop its electric vehicle vertical, the company intends to utilise it's Jaipur (Rajasthan) and Stephanskirchen (Germany) based R&D set-ups. 

They are currently working to make products that have a fixed charging system.

The company partnered with Taiwan-based Gogoro Inc to bring in the battery swapping technology by utilizing it in its future EVs. 

They have also invested in an EV startup Ather Energy which has already introduced some of its models to the market.

The company intends to use fixed as well as swapping charging technology parallelly. 

Battery swapping technology allows a user to quickly replace a discharged battery with a fully charged one. 

The company also mentioned how the pandemic has not affected its plans. 

However, Hero MotoCorp did shut its plants till May 16 due to the horrific second wave of coronavirus.

As far as the company’s plan for its premium products goes, after Xtreme 160R and Xpulse, it plans to bring more to the market every year.

Also Read:

APRILIA SXR 125 LAUNCHED IN INDIA AT INR 1.15 LAKH

XIAOMI UNVEILS THE MOST AWAITED REDMI 10 NOTE PRO IN NEPAL

YOU CAN MAKE BANK DEPOSITS ABOVE RS 50,000 ONLY, ACCORDING TO THE NEW RULES SET DURING THE PROHIBITORY PERIOD

MI BAND 6 LAUNCHED IN NEPAL WITH SPO2 SENSOR, FULL SCREEN AMOLED DISPLAY

APPLE & GOOGLE’S COVID-19 TRACING TECH SAVED THOUSANDS OF LIVES IN UK