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Automotive Product Finder Magazine | EVTRIC Motors to invest Rs 1 bn in India, unveil new electric scooter

EVTRIC Motors to invest Rs 1 bn in India, unveil new electric scooter

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News  /   July

Mumbai, Maharashtra

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.

Manoj Patil, 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.

The company 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 

Also Read:

https://www.automotiveproductsfinder.com/news/dao-ev-tech-starts-joint-venture-with-bicycle-maker-avon/134710

https://www.automotiveproductsfinder.com/news/ampere-announces-price-cut-for-electric-scooters-with-fame-ii-subsidy/134669

https://www.automotiveproductsfinder.com/news/welectric-to-boost-electric-two-wheeler-fleet-with-okinawa-autotech/134433

Tags Cloud
  • EVTRIC Motors
  • Maharashtra
  • Electric Scooter
  • Bicycles
  • Bikes
  • 3-Wheelers
  • Patil Automation Private Limited (PAPL)
  • Manoj Patil
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