So, what exactly is the plan here between Hero and Gogoro? Hero and Gogoro are partners in an endeavour to take electric mobility to the masses. Hero will be entering into a joint venture with Gogoro to primarily bring the latter’s battery swapping network to India. Hero had announced last year that it had allocated a budget of Rs 10,000 crores for R&D, new product development and expansion of facilities for the next 5-7 years. This initiative could very well be an integral part of this incredible investment. Large-scale production was critical for this, and Hero’s decision makes all the more sense now that there’s another new and promising electric player entering the Indian market -- Ola Electric.