The company has no plans to get into manufacturing batteries to power electric two-wheelers, preferring to leave that to specialists that spend thousands of crore rupees on research and development every year.
The government may now get stricter with the battery standards, how quickly one can launch the product and get it out in the market, Munjal tells Moneycontrol
Naveen Munjal expects industry sales in 2022 to double from close to 200,000 units in 2021
Hero Electric MD Naveen Munjal believes that strategic partnerships and battery swapping technology are key to cracking the EV game. And the brand’s sales figures appear to be backing that claim.
In its plea, the company has sought an injunction against Hero Motocorp over the use of 'Hero' brand name for its upcoming electric vehicle slated for launch in March.