EVTRIC Motors commit to investing INR 100 Crores in Phased Manner
Pune, July 04, 2021: PAPL – an India-based Automation Company has launched EVTRIC Motors, a new venture in electric vehicle space. PAPL is one of the initial manufacturers of line automation equipment, conveyors, Robots, Mechanical/Control design, and Simulation.
The 100% Indian electric automotive manufacturing venture has been launched with a focus on “Make in India’. EVTRIC Motors has announced investing around INR 100cr in a phased manner. The company shall work towards providing users with the finest array of EV offerings including- Electric scooters, bicycles, electric bikes, Electric 3 wheelers.
Understanding the current scenario where there have been multiple entrants in the space, the level of localization is still low. In order to be able to drive the e-mobility mission, Indian manufacturers have to enter the space.
On Brand launch Mr. Manoj Patil, MD & Founder, EVTRIC affirmed that “The government has been relentlessly working towards promoting EV in India in terms of adoption and localization both. However, there is a dire need for experience and infrastructure to accelerate the adoption. PAPL with its decade of experience in automation and manufacturing in the automobile sector can contribute to a great extent. At EVTRIC we aim to provide finer products at competitive prices to Indian customers and also promote localization for contributing to the e-mobility vision.
The brand has set up its manufacturing facility in Chakan-Pune and has implemented high-end automation processes to maintain quality and time efficiency. The manufacturing plant offers a capacity of 1.5 lac units per year. EVTRIC has already started onboarding dealers and is determined to have its presence in Maharashtra, Gujrat, Tamil Nadu, Andhra, Telangana, Kerala, Karnataka, Delhi- NCR, Uttar Pradesh, Madhya Pradesh, Odisha, and West Bengal by the end of fiscal 2021-22 as a part of its initial expansion plan.
To gauge the requirements of Indian customers better and design inline with the same, the brand has set up an in-house R&D team.