Hero Electric posts over twofold jump in festive season retail sales | Hero Electric sales doubled, the company sold 24000 two wheelers in the festive season

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Hero Electric posts over twofold jump in festive season retail sales

New Delhi. Hero Electric’s festive season (October 1 to November 15) retail sales more than doubled to 24,000 units from the same period last year. The company gave this information in a statement. The company sold 11,339 vehicles in the same period last year. The company said that the recent amendment in the FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) policy has increased the demand for electric vehicles in the country.

Under this policy advance incentive is given on electric two wheelers. Hero Electric’s Chief Executive Officer (CEO) Sohinder Gill said that this season we got to see two clear signs at our showrooms. A large number of customers preferred Hero e-bikes over petrol bikes. At the same time, a large number of customers bought such bikes because of the environmental and sustainable capability.

L&T ties up with Tamil Nadu government to set up data center in Kancheepuram

Larsen & Toubro (L&T), a top engineering and construction company, has entered into an agreement with the state government to set up a data center in Tamil Nadu. L&T on Wednesday said it will set up related units, including a 90 MW data center, in the Kancheepuram area of ‚Äč‚ÄčTamil Nadu in a phased manner over the next five years. This project will provide direct and indirect employment to about 1,100 people.

The company informed the stock exchange that L&T has signed an MoU with the Tamil Nadu government to set up a data center at Kancheepuram. Tamil Nadu government will supply electricity for this project without any hindrance. The state government will also provide other infrastructure support which will bring economic and social benefits to the people of the state.

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