Iconic ambassador carmaker, Hindustan Motors has revealed its intention to enter the EV business starting with electric two-wheelers.
India has been attracting investment in the electric two-wheeler space with the likes of Ola Electric, Hero, Bajaj, Ather, and TVS companies operating in the space.
Reportedly, the grand old automotive company has partnered with an undisclosed European company.
The plan is to not only develop electric two-wheelers but also electric cars, but the two-wheelers will come first.
Currently, Hindustan Motors with its partner is working out investments and many announcements could happen as soon as February 2023.
The product launch of Hindustan Motors, especially for the electric two-wheelers could happen as soon as the end of 2023.