Mahindra & Mahindra to manufacture Hero Electric's e-bikes at Pithampur plant
➢ Contract Manufacturing by the Company at its Pithampur plant for Hero Electric's most popular electric bikes - Optima & NYX
➢ Utilising the Company's supply chain to help Hero Electric reach newer centres in the country
➢ Joint Product Development and Knowledge Sharing
➢ Electrification of Peugeot Motocycles' portfolio through platform sharing.
Over the contract period of five years, the value of the transaction is expected to be in the range of Rs. 140 - 150 crore.
The synergy will Leverage Plant Capacity utilization of the Company and help Hero Electric meet its growing demand for its EVs.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 19 2022 | 12:12 PM IST