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India Investment

Eka Mobility to Invest Rs 600 Crore in Pune Plants for EV Manufacturing

Eka Mobility, a Pune-based electric vehicle (EV) manufacturer, has announced a significant investment of Rs 600 crore for the expansion of its manufacturing facilities in Chakan and Koregaon Bhima. Sudhir Mehta, the founder and chairman of Eka Mobility, revealed plans to focus on the production of buses and light commercial vehicles (LCVs) at these plants.

The investment aims to establish an initial manufacturing capacity capable of producing approximately 2,000 buses and 6,000 LCVs annually. These expanded facilities will serve as crucial hubs for Eka Mobility’s operations, supplying vehicles to both domestic and international markets. The company has recently entered into partnerships with prominent entities such as Mitsui & Company and VDL to strengthen its foothold in export markets and enhance its technology capabilities.

Eka Mobility’s collaboration with Mitsui & Company, a Japanese major, is geared towards leveraging export opportunities, while its partnership with VDL is aimed at further advancing the technology developed in-house over the past five years. Notably, the joint investment with Mitsui & Company and VDL amounts to Rs 850 crore, as previously announced by Eka Mobility.

Currently, Eka Mobility is actively involved in providing electric buses to local municipal bodies through the tender route. The company’s commitment to innovation is evidenced by its utilization of real-time data to monitor and enhance the performance of its e-buses. With around 300 data points collected every second, Eka Mobility employs predictive maintenance strategies to ensure optimal efficiency and reliability.

Sudhir Mehta expressed confidence in the growth prospects of Eka Mobility, emphasizing the company’s dedication to sustainable mobility solutions and technological advancement. The substantial investment in expanding manufacturing capabilities underscores Eka Mobility’s commitment to meeting the evolving needs of the electric vehicle market and contributing to India’s transition towards cleaner transportation alternatives.