Hero Cycles delivers first batch of made-in-India e-bikes to Europe
SECTIONS
Last Updated: Jun 26, 2021, 03:23 PM IST
Share
Synopsis
Hero International – the European bike and e-bike arm of HMC – said the company s aim is to achieve an organic revenue of up to EURO 300 million by 2025, while adding EURO 200 million from inorganic growth.
representative image
India s Hero Motors Company (HMC) Group has said that Hero Cycles has successfully delivered its first batch of “Made in India” e-bikes to Europe.
The shipment, under the HNF brand of Hero International (HIT), marks the start of the Indian bicycle major s plan to become a leader in the European Union (EU) market, the company said this week.
Hero Cycles supplies first batch of Made-in-India e-bikes to Europe
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Hero International appoints Jeff Weiss as new London-based CEO | Community
bikebiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bikebiz.com Daily Mail and Mail on Sunday newspapers.
India s Hero Cycles taps its global aspiration with London
Image by Michael Gaida from Pixabay
India s Hero Motors Company (HMC) Group on Tuesday announced plans to set up a new international headquarters, Hero International (HIT), in London as part of a push towards expanding Hero Cycles overseas business and strengthening its global presence.
The company said HIT is aimed at bringing HMC s European businesses under one umbrella and giving its electric bike business a major boost worldwide.
The new HQ will unify HMC-owned European businesses, including HNF GmbH in Germany and Insync Bikes in UK, as part of a long-term vision to grab an increasing share in the lucrative e-bike market growing at an exponential pace in Europe.