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Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes

Business Standard LogoBusiness Standard4 mo ago

Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes - Business Standard

Quick Summary:

Hero MotoCorp on Thursday said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles.

Hero MotoCorp noted that it is addressing the electric mobility space through a range of organic and inorganic collaboration initiatives and will launch its first electric product, under its emerging mobility brand Vida, on October 7, 2022.

The country's largest two-wheeler maker said it is finalising a collaboration agreement with the California (US)-based manufacturer of premium electric motorcycles and powertrains.


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Article Details

Author / Journalist: Press Trust of India

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 19:31:00 (4 months ago)

News Timezone: GMT +5:00

Ranking: #1915 (out of 3341 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 283 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 620731

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 108 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #49

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