Hero Electric to establish ₹1,200-cr greenfield unit
"The demand is robust; we have a substantial waiting-list and we are resolving the supply chain challenges," said Munjal. "We want to be ready with capacity, as adoption to EVs gains momentum. The market, I believe, is going to move much faster than anyone could imagine. The awareness is growing, the cost of operation is lower."The strategic location of the plant-being within 100 km of Delhi airport and close to automotive clusters in the National Capital Region--will ensure smooth connectivity and efficient logistics.