Auto focu

British firm to invest ₹250 cr to make EVs in Telangana

BL Hyderabad Burea January 3 | Updated on January 03, 2022

The 15-acre plant, which is likely to provide 500 jobs, will produce a range of One Moto fleet

One Moto, a British electric vehicles brand, will invest about ₹250 crore to set up a manufacturing facility near Hyderabad.

The 15-acre plant, which is likely to provide 500 jobs, will produce a range of One Moto fleet.

The company has signed a memorandum of understanding with the Telangana Government in this regard.

Jayesh Ranjan, Principal Secretary (Information Technology) has launched One Moto’s e-Scooters - Byka, Electa, and Commuta.

“The idea is to manage all the production in India and cater to the growing market here. We aim to manufacture at least 40,000 units in the first phase. There is a scope for increasing the capacity to one lakh vehicles in two years,” Md Muzammil Riyaz, Partner & Promoter of One Moto India, said.

“With the new manufacturing plant, we not only aim to serve our customers in India but also export the vehicles ,” Shubhankar Chaudhry, Chief Executive Officer of One Moto India, said in a statement on Monday.

Published on January 03, 2022

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Telangan
electric vehicles
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like