The Company and Hero Electric Vehicle Private Limited ('Hero Electric') announced a Strategic Partnership in Electric Mobility which envisages the following arrangement between the two Companies: \r\n \r\n? Contract Manufacturing by the Company at its Pithampur plant for Hero Electric's most popular electric bikes - Optima & NYX \r\n? Utilising the Company's supply chain to help Hero Electric reach newer centres in the country \r\n? Joint Product Development and Knowledge Sharing \r\n? Electrification of Peugeot Motocycles' portfolio through platform sharing \r\n \r\nThe details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are given in Annexure A to this letter. \r\n \r\nPlease also find enclosed a Press Release being issued in this regard. \r\n \r\nYou are requested to kindly note the same. \r\n