New Delhi: When he fought against the legal battle with Uncle Pawan Munjal to prevent the use of brands of heroes for electric vehicles, Naveen Munjal – MD from Electric Heroes – Print a massive psychological edition when he partnered Mahindra & Mahindra (M & M) to improve Wheel production capacity is second to, regardless of shared product development.
Naveen, who has moved Delhi HC recently to prevent Pawan from using the name of the hero for electricity under his company MoTocorp hero, signed “collaborative” and “strategic partnership” with M & M to make “multiple synergies” and help direct vehicle adoption Higher green.
Both companies, which have not been in the relationship sharing equity, said their collaboration would also allow electrification of the Motocycles Peugeot portfolio (controlled by Mahindra) through sharing the platform.
Speaking to Toi, Naveen showed that Electric heroes in capacity expansion mode, and plan to look for two lakh units from the Pitampa Mahindra factory, where the latter also produced other brands such as Java, Yezdi and Peugeot.
“We will double our sales to one lakh unit in 2021-22, and need to produce more because demand remains strong.”
M & M Hero Electric M & M Partners
