Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Hero MotoCorp and Gogoro® Inc announce strategic partnership

Posted On: 2021-04-21 11:53:59 (Time Zone: UTC)


Hero MotoCorp and Gogoro® Inc. today announced a strategic partnership to accelerate the shift to sustainable electric mobility in India. The partnership brings together Hero, the world's largest manufacturer of motorcycles and scooters, and Gogoro, the global leader in urban battery swapping and smart mobility innovation. 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 Herobranded, powered by Gogoro Network vehicles to market.

Commenting on the new partnership, Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp, said, "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 Swapping business model, as they have demonstrated over the years in Taiwan and rest of the world."

"This partnership 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. The vision and commitment of Hero and Gogoro is 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" he added.

"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 & 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."

GOGORO NETWORK

The Gogoro Network is a hyper-efficient battery swapping platform that was recognized by Frost & Sullivan with the 2020 Company of the Year Award for the Global Swappable Battery Electric Scooter Market. With more than 375,000 riders and 2,000 battery swapping stations, Gogoro Network manages 265,000 daily battery swaps with more than 174 million total battery swaps to date.

The Gogoro Network is an open platform for battery swapping and smart mobility services, delivering a fresh alternative to legacy fuel. Gogoro Network combines the power of connectivity, artificial intelligence, and machine learning to create a new generation of swappable battery refueling that is smart, scalable and continually optimizing itself to be dynamic and versatile for people, communities and businesses. The Powered by Gogoro Network Program gives Gogoro's vehicle maker partners access to Gogoro innovations and intellectual property including its intelligent drivetrains and controllers, components and smart systems, so they can develop and roll-out unique electric vehicles that integrate Gogoro Network battery swapping.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2824.2 as compared to the previous close of Rs. 2786.55. The total number of shares traded during the day was 34223 in over 3423 trades.

The stock hit an intraday high of Rs. 2847.85 and intraday low of 2800. The net turnover during the day was Rs. 96769348.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Texel Industries Ltd board approves rights issue to raise Rs. 20 crores

Thyrocare Technologies Ltd Q4FY21 consolidated PAT up at Rs. 37.75 crore

Just Dial Ltd board to consider Q4, FY21 results on May 14, 2021

Thyrocare Technologies Ltd board recommends dividend of Rs. 15

Jubilant Pharma wins over Bracco's Legal appeals in the United States Court of Appeals

IDFC First Bank Ltd reports Rs. 136.92 crore consolidated PAT in Q4FY21

Indag Rubber Ltd board recommends final dividend of Rs. 1.50

HDFC to sell 0.62% stake in HDFC ERGO

The Federal Bank Limited board to consider Q4, FY21 results, dividend on May 17, 2021

TTK Prestige Ltd to shutdown Coimbatore, Hosur plants due to lockdown announced by TN Government

Maruti Suzuki extends maintenance shutdown till May 16, 2021

T T Limited announces cancellation of MOU for sale of Spinning Mills

Indag Rubber Ltd posts Rs. 1.46 crore consolidated PAT in Q4FY21

Yaarii Digital Integrated Services Limited Q4FY21 consolidated loss at Rs. 11.72 crore

SORIL Infra Resources Ltd posts consolidated PAT of Rs. 0.40 crore in Q4FY21

Triveni Turbine Ltd approves reappointment of Mr. Nikhil Sawhney as MD

DCB Bank Ltd Q4FY21 net profit slips QoQ to Rs. 77.91 crore

Avenue Supermarts Ltd reports earnings for Q4, FY21

Welspun India Ltd Board to consider FY21 results, Dividend & Buyback of Equity Shares on May 14, 2021

Vardhman Acrylics Ltd Q4FY21 PAT jumps to Rs. 22.93 crore

Bandhan Bank Ltd Board recommends Dividend of Rs. 1 for FY21

Seshasayee Paper and Boards Ltd Board approves Dividend of Rs. 2.50

Nitin Spinners Ltd Board recommends Dividend of Rs. 1.50

R.S. Software (India) Ltd board to approve Q4, FY21 results on May 19, 2021

Aarti Drugs Ltd board to consider Q4, FY21 results on May 15, 2021

Lotus Eye Hospital and Institute Ltd to operate with minimum staff due to second wave Covid-19

Avenue Supermarts Ltd posts Rs. 413.88 crores consolidated PAT in Q4 FY2020-21

Bandhan Bank Ltd reports Rs. 103.03 crore net profit in Q4 FY2020-21

CSB Bank Ltd Q4FY21 net profit at Rs. 42.89 crore

Seshasayee Paper and Boards Ltd Q4FY21 consolidated net profit rises to Rs. 63.61 crore

Nitin Spinners Ltd posts jump in Q4FY21 PAT to Rs. 42.85 crore

Aditya Birla Capital Ltd board to approve FY21 results on May 14, 2021

Quick Heal Technologies Ltd board to announce dividend, Q4, FY21 results on May 15, 2021

Suraj Ltd board to consider Q4, FY21 results on May 17, 2021

AYM Syntex Ltd board to consider Q4, FY21 results on May 15, 2021

ICRA reaffirms rating of V-Guard Industries Limited

SKP Securities Ltd posts Rs. 1.18 crore PAT in Q4FY21

Ultratech Cement Ltd posts Rs. 1775.23 crores consolidated PAT in Q4FY21

Reliance Power Limited reports earnings for FY21

S.P. Apparels Limited closes retail outlets temporarily

UltraTech Cement Limited board recommends dividend of Rs. 37

Sutlej Textiles & Industries Ltd Board recommends Dividend of Rs. 0.30

Cholamandalam Investment and Finance Company Limited board recommends final dividend of Rs. 0.70

Navin Fluorine International Ltd board recommends final dividend of Rs. 6

Everest Industries Limited appoints Mr. Pramod Nair as CFO

CAMS - India's Largest RTA - lists on NSE

Sutlej Textiles & Industries Ltd Q4FY21 consolidated net profit up at Rs. 27.77 crores

EIH Ltd Q4FY21 consolidated loss at Rs. 48.87 crore

Cholamandalam Investment and Finance Company Limited posts Rs. 245.13 crore consolidated PAT in Q4 FY2020-21

Navin Fluorine International Ltd reports consolidated PAT of Rs. 73.22 crore in Q4FY21


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020