New Delhi, July 19 -- Hero Electric, one of the largest electric scooter manufacturers in India by sales, plans to expand its capacity from 100,000 units per annum at present to 500,000 units as the demand for electric two-wheelers is expected to rise significantly in the coming years. The company will also invest in increasing localization of components and establish an ecosystem for manufacturing its e-scooters, enthused by the push towards electric mobility by the Union government. The Naveen Munjal-led company will continue to invest '40 crore to '60 crore every year in the next few years for expansion of capacity and research and development of products. The company is also in the process of increasing the number of dealerships and sub...