New Delhi, Dec. 19 -- HMC E-Valley Pvt Ltd (HIVE), the electric mobility-focused manufacturing arm of Hero Motors Company (HMC), has signed a memorandum of understanding with KPIT Technologies Ltd to establish an independent centre of excellence in Delhi-NCR aimed at accelerating the development of light electric vehicles (LEVs) OEMs.

The centre of excellence will provide design and engineering services to global makers of micro-mobility and L-category electric vehicles, including e-bicycles, e-scooters and other lightweight electric platforms.

Pankaj Munjal, CMD, Hero Motors Company (HMC Group) told ANI on Friday, "There is no ceiling of this partnership. There is no roof I can think of and there is no milestone. (With this partnership...