Hero Electric will build an electric vehicle factory in Rajasthan

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On September 26, Hero Electric announced that it has signed a memorandum of understanding (MoU) with Rajasthan to establish a manufacturing hub

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for electric vehicles with a two million unit annual capacity in the Salarpur industrial area.

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The project, which covers 170 acres, cost Rs 1,200 crore and would begin commercial production by the end of 2023, according to the business

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It was also stated that the facility would use sustainable and renewable energy sources, such as solar power.

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Naveen Munjal, managing director of Hero Electric, stated, "We are grateful to the Rajasthan government for their cooperation

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cooperation in establishing our third greenfield (new) factory that would aid in promoting a circular economy in the Salarpur industrial area.

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The plant will produce all existing and prospective Hero Electric two-wheelers, supporting the "Make-In-India" concept, the firm stated

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