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Hero Electric, Countries premier electric vehicle manufacturer has tied up with Punjab Government to develop electric infrastructure in the state. This will allow Punjab in becoming an EV Hub for the Future.
Hero Motors has announced an investment of Rs 700 Crore in the State in R&D and Manufacturing Facility in Ludhiana. Hero Electric plan to Develop 1000 Touchpoint sin 2020 to further strengthen its position in the rapidly evolving electric motors technology.
On the Other hand, Punjab Government has announced GST Incentives and Other Subsidies to attract investment in e-mobility generation.