In a joint venture partnership with Al-Abdullah Group, Qatar, Kabira Mobility, the company behind KM3000 and KM4000, India’s fastest and longest riding bikes on road, announced its investment of Rs 300 crore in the UP-Investment Summit for setting up a new state of the art electric two-wheeler manufacturing plant in Jewar, Uttar Pradesh.
The new manufacturing plant, with a capacity of 1,20,000 units per month will spread over 50 acres of land, will have 8 assembly lines and be equipped with a fully automated inventory management system, robotic chassis welding line, and a fully automated battery pack assembly and testing line. This new facility is expected to generate direct and indirect employment opportunities for 7000 individuals. This is one of the largest investments in the past years under EV two-wheeler segment in India.
Kabira Mobility already has a manufacturing plant in Dharwad, Karnataka with a capacity of 40,000 units per month and two assembly lines. With this investment, Kabira Mobility is strengthening its footprint in India's booming EV two-wheeler market, and domestic capacity is expected to contribute positively to enhancing price competitiveness.
Jaibir Siwach, the CEO of Kabira Mobility, expressed his thoughts on the recent developments at the company, saying, “At Kabira Mobility, we are unwavering in our efforts to build a robust manufacturing infrastructure for our products. With the electric vehicle market outpacing expectations, growing at a rate of two to three times faster, it's imperative that we stay ahead of the curve. Our second manufacturing plant in North India, reflects our commitment to meeting the surging demand while advancing our mission of 'Made in India' and establishing India as a global leader in the electric vehicle manufacturing industry.”
Siwach further emphasised the significance of the new plant, stating, “This investment will not only help us in keeping pace with the increasing demand but also provide a solid foundation for our future growth plans. The best in class infrastructure and a lean manufacturing approach at the plant will enable us to produce top-quality products that meet the evolving needs of our customers. With a strong focus on sustainability and environmental responsibility, we are determined to create a positive impact on the industry and make a lasting contribution to the nation.”
The new plant in Jhewar, Uttar Pradesh, is strategically located in the North India region which is one of the fastest growing and untapped market today. This will provide an advantage for Kabira Mobility to reach new markets. This investment aligns with Uttar Pradesh's vision of becoming a hub for electric vehicle manufacturing.
Manoj George, CEO of Al-Abdulla Group, expressed his excitement about the joint venture partnership with Kabira Mobility. He stated, "Our investment aligns perfectly with our group's vision of Investment in the renewable energy sector. By partnering with Kabira Mobility, we are strengthening our position in the renewable energy industry and expanding our reach into new markets in Middle-East and African Regions. This partnership not only opens the doors to the global electric two-wheeler market but also positions Kabira Mobility as a dominant player in the electric bike segment both domestically in India and globally."
Kabira Mobility is expected to have an annual production capacity of 1,440,000 units in the North India plant and 480,000 units in the South India plant. The company plans to ramp up production to 250,000 units in 2023-24, 775,000 units in 2024-25, and 1,450,000 units in 2025-26.
With around 40 exclusive stores today across India, Kabira Mobility is looking to expand its reach and strengthen its position as a leader in the electric two-wheeler space in India by opening 130+ stores by December 2023 to improve its network across the country.