Hero Electric Plans E-Car Launch in Five Years

The company, which has gone solo after breaking its joint venture with UK's Ultra Motors, now plans to launch two more models of its e-bikes this financial year.

Published: 24-Aug-2008

Two-wheeler maker Hero Electric is planning to introduce an electric passenger car in the India by 2013, besides introducing battery driven three- wheeler.

The company has also firmed up plans to expand its product portfolio in e-bikes by launching two more products in the high-speed category during the current financial year and also venturing into solar energy sector.

"Hero is becoming green everyday. We want to be a major player in the electric transportation, in which we are investing heavily in carrying out research. In the next five years, we will be launching electric three and four wheelers here," Hero Electric Chief Executive Officer Sohinder Gill told PTI.


Ray Lane, managing partner of venture-capital firm Kleiner Perkins, Caufield and Byers, which has invested in Think, believes Think could eventually sell as many as 30,000 to 50,000 City cars a year.

The production electric vehicle to be introduced in 2010 will have a unique bodystyle and is not based on any existing Nissan model, unlike the technology 'mule' pictured above.

The 100-mile range electric car has been operating with Japanese power companies for the last two years.


blog comments powered by Disqus