Patil Automation announces Rs 100 crore investment to diversify in EV business

Pune-based Patil Automation (PAPL), an automation solution company has announced its new venture in the electric vehicle space under the ‘EVTRIC Motors’ brand, which will manufacture electric two- and three-wheelers in Chakan, Pune. EVTRIC Motors will invest around Rs 100 crore in a phased manner for the same.  

PAPL provides automotive industry with line automation equipment, conveyors, robots, mechanical/control design, and simulation. The company says at present while there have been multiple entrants in the EV space, the level of localisation continues to remain low. And to drive e-mobility in the country, Indian manufacturers have to enter the space.

Manoj Patil, MD & founder, EVTRIC said: “The government has been relentlessly working towards promoting EV in India in terms of adoption and localisation 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 localisation for contributing to the e-mobility vision.”

The EV brand will set up a manufacturing facility in Chakan with production capacity of 150,000 units per year. The company says it has already started onboarding dealers and aims to establish 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.