Prevail Electric Mobility to set up additional manufacturing unit in India for electric 2-wheelers
"Currently, we have a capacity of somewhere around 25,000 units a year. We'll be increasing it to around 40,000 to 50,000 units in a year," Prevail Electric Mobility CEO Hemant Bhatt told.
- PTI
- August 01, 2021, 13:08 IST
To start with, the company is opening its flagship stores in Delhi and Mumbai to kick off its journey.
Prevail Electric Mobility, an arm of French lubricants major FRVelion, will set up an additional
manufacturing unit in India for electric two-wheelers to meet demand in the country besides catering to Nepal and Sri Lankan markets, according to a top company official. The company, which will launch its first product in India this month, plans to set up the new manufacturing unit at Behrampur near Gurugram in Haryana to add to its existing plant at Neemrana in Rajasthan with an overall
investment of around Rs 50 crore in the two plants.
"Currently, we have a capacity of somewhere around 25,000 units a year. We'll be increasing it to around 40,000 to 50,000 units in a year," Prevail Electric Mobility CEO Hemant Bhatt told.
He said this has been necessitated due to the company's move to enter Nepal and Sri Lankan markets simultaneously with the launch in India. Initially, the company had planned to launch its electric two-wheelers in India only.