It has already invested in EV startup Ather Energy.
Hero Motocorp sold 58 lakh units of motorcycles and scooters in 2020-21 fiscal.
New Delhi, May 16 (PTI) The country s leading two-wheeler maker Hero MotoCorp is looking to launch an electric model next year and mark its entry into the segment, according to a senior company official.
Bullish on the electric vehicle (EV) vertical, the company is utilising its Jaipur (Rajasthan) and Stephanskirchen (Germany) based R&D set-ups to develop its own products.
Besides, it has tied up with Taiwan-based Gogoro Inc to bring the latter s battery swapping platform to India.
The partners have also decided to collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro network vehicles to market.