Pavna Industries, an automotive parts manufacturer, has inked an agreement with Ola Electric to supply ignition switches and latches across its manufacturing plants in India.
Swapnil Jain, Managing Director of Pavna Industries Ltd.,said, "Pavna and OLA Electric joining forces will not only drive affordability but also enhance the quality standards for enthusiasts of two-wheeler EVs. Combined with our indigenous and innovative manufacturing technology, we are confident that we can drive India’s journey towards green mobility."
In line with the government's efforts to promote sustainable mobility, India has introduced the Electric Mobility Promotion Scheme 2024 (EMPS 2024). Offering substantial support and financial incentives to facilitate the adoption of electric vehicles, with an initial focus on approximately 3.33 lakh two-wheelers.
Building on the momentum of India's push towards net zero emissions, Pavna Industries will be expanding its product range to include more offerings in the electric vehicle (EV) segment and launch products such as motors and motor controllers.