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Hero MotoCorp US partner in advanced stage of developing mid-sized e-bike

Business Standard LogoBusiness Standard8h ago

Hero MotoCorp US partner in advanced stage of developing mid-sized e-bike - Business Standard

Quick Summary:

Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced stage of developing a mid-sized performance segment electric motorcycle, according to a top company executive.

"As far as EV motorcycles ...we are developing in partnership with Zero Motorcycles..it (bike) will be coming in the middle-weight segment," Hero MotoCorp CEO Niranjan Gupta said in an analyst call.

In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in the company.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 13:25:45 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23788557

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 113 posts per day

Year Established: 1975

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News Last Updated: 2 hours ago

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Publisher ID: #49

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