- Hero Cycles believes that sales of e-bikes are expected to reach around 15 million units in Europe by 2030.
- Hero Cycles has a manufacturing capacity of 6 million bicycles per year and a network of plants located in Punjab’s Ludhiana, UP’s Ghaziabad, and Bihar’s Bihta.
Indian bike significant Hero Cycles, a piece of Hero Motors Company (HMC) Group, has effectively conveyed its first batch of ‘Made-in-India’ e-bicycles of around 200 units to Germany in Europe. The organization intends to turn into an innovator in the European Union (EU) market as it has more units anticipated the EU in future.
Hero International – the European bicycle and e-bicycle arm of HMC – said the organization’s point is to accomplish a income of up to EURO 300 million by 2025, while adding EURO 200 million from inorganic development. The organization sent out the e-bicycles under the HNF brand of Hero International. “The shipment marks a step forward to set up HMC as the biggest completely incorporated e-bicycle organization in Europe,” the organization said.
Hero targets to reach around 15 million units in Europe by 2030 and along these lines, it is ready to be a market king in the segment. “We hope to make excellent e-bicycles intertwining HNF’s designing and plan ability with Hero’s assembling capacity, particularly with the 100 acre of Cycle Valley in Ludhiana,” said Jeff Weiss, the London-based CEO of Hero International.
The organization added that its most recent batch of e-bicycles to Europe defeats the bike inventory network interruptions brought about by the Covid pandemic. While supplies dwindled and lead times for segments expanded complex, shopper interest for bicycles and e-bicycles soar.
Hero has additionally setup an digital supply chain network. Hero Supply Chain (HSC) – a team specialized in logistic management digital transformation, to take into account this developing interest for bicycles and e-bicycles.
Hero Cycles has an assembly line capacity of 6 million bicycles each year and a network of plants situated in Punjab’s Ludhiana, UP’s Ghaziabad, and Bihar’s Bihta. It also has best in class manufacturing plant in Sri Lanka and Design Center in the UK. It additionally claims UK-based Avocet Sports, Germany-based HNF, and Firefox Bikes in India.