Hero MotoCorp Taps Taiwan’s Gogoro in Shift to Electric
- Hero will integrate Gogoro battery technology in two-wheelers
- CEO Munjal expects the Indian EV market to boom ‘very soon’
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Hero MotoCorp Ltd., the world’s biggest maker of motorcycles, will adopt Gogoro Inc.’’s battery-swapping technology as its bikes go electric, betting on a shift to clean-energy vehicles in India and other potential growth markets.
Hero and the Taiwan-based electric-scooter startup, backed by former U.S. Vice President Al Gore, will form a joint venture and build battery stations across India, where two-wheelers are a common form of transport for many of the nation’s 1.3 billion people.