Made-in-India bikes in Europe
HT Default Desk
- Hero Cycles believes sales of e-bikes are expected to reach approximately 15 million units in Europe by 2030.
- Hero Cycles has the capacity to produce six million bicycles a year and a network of plants in Ludhiana of Punjab, Gaziabad in the UP, and Bihar’s Bihta.
India’s largest Hero Cycles, part of the Hero Motors Company (HMC) Group, has successfully shipped its first batch of 200 ‘Made-in-India’ e-bikes to Germany in Europe. The company aims to be a leader in European Union (EU) markets as it has several units planned for the EU in the future.
Hero International – the European arm of the bike and HMC’s e-bike – said the company’s goal was to earn a living income of EURO 300 million by 2025, while contributing EURO 200 million from inanimate growth. The company has sent e-bikes under the HNF brand of International International. “This asset marks the next step in establishing HMC as the largest e-bike company fully integrated into Europe,” the company said.
Hero believes that the sale of e-bikes is expected to reach approximately 15 million units in Europe by 2030 and as a result, is expected to become a market leader in the sector. “We look forward to making state-of-the-art e-bikes a mix of HNF’s engineering and design technology and production capabilities, especially with the 100-acre Cycle Valley in Ludhiana,” said Jeff Weiss, London’s chief executive officer at Hero International.
The company added that its current collection of e-bikes to Europe overcame cycling disruptions caused by the coronavirus epidemic. While purchases are declining and leading to times of recurring items, the demand for bikes and e-bikes in the sky.
Hero has also established a digital purchasing company – Hero Supply Chain (HSC) – a specialized team in asset management and digital conversion, to address this growing need for bicycles and e-bikes.
Hero Cycles has the capacity to produce six million bicycles per year as well as a network of plants in Ludhiana of Punjab, Gaziabad of the UP, and Bihar’s Bihta. It also has the status of an art production center in Sri Lanka and a Design Center in the UK. It also has UK-Avocet Sports UK, HNF based in Germany, and Firefox bikes in India.
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