Hero MotoCorp Ltd. and Taiwan’s Gogoro Inc. have announced a strategic partnership to accelerate the shift to sustainable electric mobility in India. The partnership brings together Hero, the world’s largest manufacturer of motorcycles and scooters, and Gogoro, a leader in urban battery-swapping and smart mobility innovation.
The companies will establish a battery-swapping joint venture to bring Gogoro’s platform to India and will collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro Network, vehicles to market.
Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp. says: “This partnership will further enhance the work and partnerships that we already have in our EV portfolio. This will further extend the work which we are doing at our R & D hubs at the Centre of Innovation and Technology (CIT) in Jaipur & our Tech Centre in Germany. Hero and Gogoro’s vision and commitment are perfectly aligned towards the common goal of accelerating the shift to smart, sustainable electric mobility in India, and around the world.”
He adds: “With this new partnership, we commit to introducing a sustainable mobility paradigm, first in India and then in other markets around the world. This partnership will strengthen and expedite the Indian government’s electrification drive and will have a significant impact on India‘s energy and mobility future.”
Horace Luke, founder, and CEO, Gogoro Inc., comments: “We are at a critical stage in the transformation of urban mobility and the evolution of smart cities. With more than 225 million gas-powered two wheel vehicles in India, the need for smart and sustainable electric transportation and refueling is vital. The Hero-Gogoro partnership addresses these challenges and will leverage Hero’s market strength and Gogoro’s industry leading innovations to deliver smart vehicles and refueling with Gogoro Network battery swapping.”
The New Delhi headquartered Hero MotoCorp Ltd. has sold over 100 million motorcycles and scooters in cumulative sales since inception. Hero MotoCorp currently sells its products in more than 40 countries across Asia, Africa, Middle East, and South and Central America.