Hero, Yamaha in pact to set up e-cycle unit in Ludhiana

Tribune News Service

Chandigarh, October 28

Automotive component manufacturer Hero Motors and Yamaha Motor Co. (Japan) today announced they have entered into an agreement to create a global e-cycle drive unit company. The joint venture will set up the manufacturing facility in Hero E-Cycle Valley at Ludhiana and expects to start production by November 2022.

It will have a capacity of 1 million drive units in future. In addition to the Hero and Yamaha branded e-cycles, the joint venture will use the OEM networks of Hero and Yamaha for the sale of drive units in global markets.