British EV start-up to set up Rs 250 crore plant in Telangana
The facility is expected to come up on the outskirts of Hyderabad with a manufacturing capacity of 40,000 units in the first phase, which can be expanded to 100,000 units in 2 years.
British EV start-up One-Moto which is planning to launch three e-scooters – Commuta, Electa and Byka – with a starting price of Rs 120,000 in January 2022 signed an MoU with the Telangana government for setting up its India manufacturing unit.
The facility is expected to come up on the outskirts of Hyderabad with a manufacturing capacity of 40,000 units in the first phase, which can be expanded to 100,000 units in 2 years. The start-up sees Hyderabad as a key market for EVs, with the state government accelerating the EV ecosystem with supporting policies for production and infrastructure. The brand plans to invest up to Rs 250 crore to establish the manufacturing unit.
Sameer Moidin, co-founder and partner, One Moto India said: “The idea is to manage all the production in India and cater to the growing market. We aim to manufacture at least 40,000 units in the first phase of the plant launch, and capacity will easily be taken up to 100,000 in two years.”
The new manufacturing plant will have major automation integration with additional semi-robotics, and latest manufacturing machinery to produce cutting edge products. The plant will be spread across 15-acres of area.
Shubhankar Chaudhry, CEO, One Moto India said: “With the new manufacturing plant, we not only aim to serve our customers in India but also export vehicles to other global markets which One Moto is developing. We will be also setting up skill development programs with the state since EV aftersales service requires a specialised skillset. The plant will create almost 500 direct and 2,000 indirect jobs in the state.”
The plant will produce all One-Moto fleet in addition to 2 Indian fleets that are to be introduced by Ellysium Automotives, currently promoting One Moto in India.
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