Hero Electric resumes production, seeks up to Rs 200 crore to rev up output

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Electric two-wheeler manufacturer Hero Electric has resumed production at its factory as of July, producing scooters in small batches.

Sources close to the firm indicate that Hero Electric has rejected claims from a segment of its 800 dealers, who allege that the company owes Rs 500 crore in advances for electric two-wheelers.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Electric Vehicles Hero electric Hero ev

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 22:40:27 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 131 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22018652

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Official Website: business-standard.com

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Coverage Areas: India

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