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Hero, Yamaha Motor JV will start producing electric actuators from November


Hero Motors and Yamaha Motor signed an agreement in October 2021, to form a global electric actuator manufacturing company in the Hero E-Cycle Valley in Ludhiana as part of their strategic alliance.

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Update on:
April 4, 2022, 03:45 pm

Hero Lectro F2i power cycle photo file used for demonstration purposes only (HT Auto)
Image file of Hero Lectro F2i power cycle used for demonstration purposes only (HT Auto)

HYM Drive Systems, a joint venture between Hero Motors and Japan’s Yamaha Motor Co, said on Monday it expects to start producing electric actuators at its facility in Ludhiana from November this year.

The company said that the ground-breaking ceremony of the production plant with a capacity of 100,000 drives in phases was held last week.

“This manufacturing facility is part of our joint strategy with Yamaha to localize electric actuators in India to cater to the domestic as well as global e-cycle market,” said Mr. President and CEO Pankaj Munjal of Hero Motors Company (HMC). declare.

(Also read | Hero Electric, Mahindra launch their first electric two-wheeler together)

Hero Motors and Yamaha Motor signed an agreement in October 2021, to establish a global electric actuator manufacturing company at Hero ‘E-Cycle Valley’ in Ludhiana as part of a strategic alliance formed was established in September 2019, to jointly work in the field of electronic product segmentation.

The company says the electric actuator can be used in Hero and Yamaha-branded electronic cycles and is marketed globally through Hero and Yamaha’s OEM networks.

Munjal added, “This joint venture is a key component of our ambition to become the first fully integrated global player in the electronic cycle segment and energize our initiatives.” our vision as establishing a world-class industrial park in Electronic Cycle Valley, Punjab.”

Currently, Heroes’ E-Cycle Valley, which spans more than 100 acres, specializes in the production of electronic cycles and cycles for global Original Equipment Manufacturers (OEMs), the company said. added that they will begin manufacturing cycle components such as alloy rims, aluminum frames and handlebars.

Date of first publication: April 4, 2022, 03:43 PM IST



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