With EVs emerging as a sustainable and go-to option for automobile fans in and around India, Taiwanese electric scooter maker, Gogoro, has declared its plans of entering the regional EV market, in partnership with Hero Motorcorp to address the ‘electrifying’ demand.
Apparently, this move would allow the Taiwanese company to bring to India, its swappable scooter and battery technology. In fact, as a part of the pact, Hero would develop electric scooters based around Gogoro’s robust tech, while also installing its battery-swapping stations in different cities nationwide.
Commenting on the decent deal, Pawan Munjal, Chairman at Hero Motorcorp mentioned in a press release that the company, along with Gogoro, is setting up a JV to bring the latter’s swapping technology into the country and establishing swapping infrastructure across India.
Pawan added that the firm is well aware of the landscape, its customers, and requirements, which will allow Hero to move faster in the Indian subcontinent before branching out the technology and scooters to the rest of the world.
It would be essential to note that EVs have been one of the greatest priorities for Hero, which currently does not offer any products that run only on electricity. However, with Gogoro partnership, the firm is looking up to changing its offerings and debuting the only-electric vehicles market in the country.
Meanwhile, CEO of Gogoro, Horace Luke has stated that it would take time for consumers to make a shift to electric vehicles. But with the robust scale of Hero, supply chain complexity and pricing issues are slated to reduce, paving a massive development for the EV market in India.
Mr. Luke further mentioned that collaborating with Hero Motorcorp made more sense for the company to enter the Indian subcontinent, than breaking into solo.
Both the company officials have, however, declined to provide information about the alliance plans including the sales target, timeline, and others, stating that they are working on the specifics.