Energy, one of the fastest-growing EV companies in India, announced its
expansion plans by investing Rs 200cr towards Research & Development
(R&D) and setting up a brand new manufacturing facility in Pune,
after setting up a manufacturing plant in Pune, this will be the fourth
manufacturing unit of the company in the country. The new manufacturing
facility will be a fully-integrated electric two-wheeler plant that will be
operational from March 2023. As a result, the company will also generate local
employment, and will provide jobs to more than 2,000 people. The investment
will increase the facility's production capability by 60,000 plus units, taking
the production number from 1,80,000 units a year to 2,40,000 units a year. The
company aims to roll out more than 2,00,000 units by the end of FY 2023.
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