Hero Cycles delivers first batch of made-in-India e-bikes to Europe
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Last Updated: Jun 26, 2021, 03:23 PM IST
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Hero International – the European bike and e-bike arm of HMC – said the company s aim is to achieve an organic revenue of up to EURO 300 million by 2025, while adding EURO 200 million from inorganic growth.
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India s Hero Motors Company (HMC) Group has said that Hero Cycles has successfully delivered its first batch of “Made in India” e-bikes to Europe.
The shipment, under the HNF brand of Hero International (HIT), marks the start of the Indian bicycle major s plan to become a leader in the European Union (EU) market, the company said this week.
Hero Cycles supplies first batch of Made-in-India e-bikes to Europe
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Hero Cycles delivers first shipment of HNF e bikes to Europe from Cycle Valley in Ludhiana
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Spread across 100 acres, the valley is expected to employ over 9,000 people when fully operational
Hero Motors unveils new plant at Hi-Tech Cycle Valley Dhanansu ANI | Updated: Apr 13, 2021 17:21 IST
Earlier, the cabinet minister also inaugurated the 8.5 km and 100 feet wide approach road connecting Chandigarh Road to cycle valley that has been constructed at a cost of Rs 66 crore.
He was also accompanied by HMC Chairman and Managing Director Pankaj Munjal, PSIEC Chairman Gurpreet Singh Bassi, PMIDB Chairman Amarjit Singh Tikka, Punjab Youth Development Board Chairman Sukhwinder Singh Bindra, Senior Congress leader Satwinder Kaur Bitti and SDM Dr Baljinder Singh Dhillon besides several others.