India’s Hero Motors Company (HMC) said this week that the shipment of Made in India e-bikes manufactured under the HNF brand of Hero International (HIT) began the start of Indian bicycle major’s plan to become a leader in the European Union (EU) market.
India’s Hero Motors Company (HMC) Group was successful in its plan to deliver its first batch of “Made in India” e-bikes to Europe.
The first batch consisted of around 200 units. It has been successfully delivered to Germany. More units are also planned for the EU in the coming days.
HMC shared in a statement that the shipment is a successful step taken towards the goal of establishing HMC as the largest fully integrated e-bike company in Europe. It will also make the prospects of India better by establishing it as a reliable supplier to European Union Market. In other words, to any market other than China.
The company is working tenaciously towards achieving its aim of gaining an organic revenue of up to EURO 300 million by 2025, while adding EURO 200 million from inorganic growth.
The first batch of HNF branded bike built in India has landed on European shores said Weiss, the London-based CEO of Hero International. He also exclaimed his excitement and gratitude as it is a big moment for the company.
He further added that around 15 million units in Europe by 2030 is the expected reach of e-bikes sales. E-bikes will be a prominent part of the future.
