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Hero Cycles Delivers Made-in-India e-Bikes To Europe, Check Details Jun 27, 2021, 15:21 IST
India s Hero Motors Company has successfully delivered its first batch of Made in India e-bikes to Europe. Around 200 units in the first batch were delivered to Germany and the company is planning to sell further units around the European Union(EU) market in the future.
The shipment was made under the KNF brand of Hero International (HIT) and it plans to become a leader in the EU, the company said.
Hero International said that the company aims to achieve revenue of up to 300 million Euros by 2025 while adding 200 million Euro from inorganic growth.
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.
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