Hero Cycles in talks with Slovakia company for e-bike facility
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The company is in advanced negotiation with a bike maker in Slovakia for a partnership or an alliance which will give the company a footprint to cater a very significant demand emanating out of Western Europe, especially post Covid.
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Hero Cycles, India’s largest bicycle maker, is in talks with an e-cycle maker from Slovakia to set up an international manufacturing base as it looks West eyeing sales of half a million electric bicycles in the next two years and become a leading player in the segment and generating a bulk of its revenue from sales in Europe.
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HMC sets up international headquarters in London ANI | Updated: Mar 16, 2021 17:28 IST
New Delhi [India], March 16 (ANI): Hero Motors Company (HMC) on Tuesday announced the setting up of its international headquarters in London to give its electric bike business a global push.
The move will unify the HMC-owned European businesses including HNF GmbH in Germany and Insync Bikes in United Kingdom by bringing them under one umbrella. The company aims to take up its European revenue up to 300 million euros in coming years.
Hero International (HIT) will play a strategic role in streamlining and bringing together various streams including research, development and design centres. It will provide a unified leadership with consolidated finance, strategy and supply chain operations.
HMC establishes international headquarters in London pakistantelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakistantelegraph.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI:
Richest Person in India: With $83 billion, Mukesh Ambani, Chairman, Reliance Industries Limited (RIL), is the richest man in India, second richest in Asia and eighth richest in the world.
As per the Hurun Rich List-2021 , Mumbai-based Mukesh Ambani, 63, saw his wealth go up 24% to $83 billion, on the back of a surge in the value of energy & telecom giant Reliance.
India s largest exporter, Reliance accounts for 8% of the country s exports and 5% of India s total revenues from customs and excise duty. Reliance is planning a calculated shift to renewable energy and has decided to venture into the battery-making business ahead of the electric vehicle boom.