Hero Electric is poised to infuse Rs 700 crore over the next three-four years to increase its plant capacity from 75,000 units to 10 lakh units. In the Phase-I, the capacity will be hiked to 3 lakh units.
While the current Hero Electric portfolio comprises 13 offerings in six platforms across two segments — city speed and comfort speed, the company plans to enhance the range within these two categories.
It will, however, continue to monitor the demand in the high-speed segment for the time being and enter only when it develops beyond the niche market.