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Hero Electric to invest Rs 700 crore, sell 10 lakh units by 2025 Hero EV will expand its supply chain, service network and charging stations to cash in on what it believes will be an ‘explosive growth’ for its electric two-wheelers Hero Electric Vehicles aims to sell 10 lakh units by 2025-26 BusinessToday.In Updated Jul 12, 2021, 11:51 AM IST Hero Electric Vehicles is planning to expand its business and set up a new manufacturing unit. The company will invest Rs 700 crore for this by 2025. In order to part-fund its expansion, the company has raised Rs 220 crore. Besides increasing capacity at its Ludhiana plant to 3 lakh units per annum from 75,000 units currently, Hero EV is also planning to set up a new manufacturing facility with an annual capacity of 10 lakh units. The company aims to sell 10 lakh units by 2025-26.

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