Hero MotoCorp ties up with Taiwan-based Gogoro to develop new models

Companies to establish Joint Venture to introduce Gogoro’s Battery-swapping network In India and Hero will develop Gogoro-powered vehicles for the Indian market.

Hero MotoCorp and Gogoro Inc have inked a partnership to accelerate the shift to sustainable electric mobility in India. Gogoro is a leader in battery-swapping technology and has experience in setting up large networks while Hero MotoCorp is the largest manufacturer of two-wheelers across the world. The companies will establish a battery swapping joint venture to bring Gogoro’s industry leading battery swapping platform to India and will collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro Network vehicles to market.

“Our strategic partnership with Gogoro is in line with our vision - ‘Be the Future of Mobility’ which we are bringing alive through our mission to ‘Create, Collaborate & Inspire’. Today marks another major milestone in our journey, as we bring Hero’s leadership in two-wheelers, our global scale and innovation powerhouse, with the leadership of Gogoro in the swapping business model, as they have demonstrated over the years in Taiwan and the rest of the world,” said Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp. “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. 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.”

“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,” said Horace Luke, founder, and CEO, Gogoro Inc. “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.”

Pro MFG Media Newsletter

Get regular manufacturing insights that matter and enable business.