EVTRIC Motors, a
subsidiary of Patil Automation Private Limited (PAPL), will soon launch its
first electric scooter in the Indian market. The company will be investing Rs 1
billion in a phased manner for this purpose. The PAPL founders along with their
family members and friends have invested the amount in their capacity.
Founder and MD, EVTRIC Motors said that the company looks to boost the local EV
manufacturing market. He added that EVTRIC Motors is aiming to achieve 100%
localisation. They are currently at 85% localisation because certain raw
materials are not easily available in India, leaving no option than to import.
initially plans to launch the electric scooter in Maharashtra. For the same, it
is creating a strong dealer network. The company’s Chakan facility can make 1.5
lakh EVs in a year. The company will gauge customer sentiments for its electric
scooter and depending on the success will work in sync with the market demand and requirements. It has plans
to launch other offerings such as bicycles, bikes, and 3-wheelers.
PAPL is a
Chakan-based, family-owned company that has been involved in the automation
business for a long time. It makes conveyors, robots, mechanical/control
design, and simulation equipment.
Source – Express Drives
Image Source: EVTRIC Motors Website