The company to invest INR 150 crores in a new manufacturing unit that can generate employment for 1,500 persons.
ETO Motors – an electric mobility solutions and services company – has announced the signing of an MoU with the Government of Telangana to set up a greenfield manufacturing facility in the state for its range of Electric 3-wheelers. The manufacturing facility will be set up under its subsidiary Keto Motors, with the investment of INR 150 Crores over the next 5 years. The project will generate employment of over 1,500 people.
The products range under the company include ergonomically designed zero-emission electric three-wheelers in passenger as well as in the cargo segment. Its products are equipped with high-quality suspension and the largest tyres in the three-wheeler segment that provides a smooth riding experience. Having a large wheelbase gives greater stability to the vehicle and superior legroom. The vehicles are powered by high capacity AC-induction motor which provides the ability to navigate diverse terrain with ease. ETO uses state-of-the-art lithium-ion batteries in its electric three-wheelers that give a range of up to 120 KM in a single charge. Manufactured using ABS panels and aluminum chassis, the vehicles are highly robust and durable.
Speaking on the development, Mr. NK Rawal, Managing Director, ETO Motors said, “The new EV policy of Telangana Government is aimed to create a sustainable ecosystem for EVs in the state including manufacturing, design, and adoption. It also comes at the right time when the EV segment is poised to grow at a significant rate considering the demand from the booming e-commerce side apart from policy push from the central government. The tail-wind being created from the demand and policy perspective makes us bullish for the electric vehicle segment. The new plant will help us cater to the increasing interest we are witnessing from the e-commerce and 3rd party logistics players in our products that are not only equipped to handle the decent load but are also capable to run in diverse terrains.”
ETO has also introduced seatbelts for driver and passengers for their safety along with an option of having adjustable bucket-seats for the driver for a fatigue-free driving experience. While the Passenger vehicle has the capacity to carry 3 passengers with a driver while the cargo version can carry a cargo load of over 500 Kg. The vehicles come with regenerative braking technology that helps in reducing energy consumption as part of the energy generated during braking is transferred back to the battery. The electric 3-wheelers are zero-emission vehicle and play a pivotal role in curbing vehicular pollution.
ETO is working on the deployment of Keto electric vehicles to provide clean, safe and noise free public transportation for the first mile, last mile, intra city and logistics operations. It addresses issues of clean shared public mobility, traffic congestion, reduce Co2 emissions, direct transfers, efficient use of capacity public parking space and lower running cost – 2W,3W, 4W, Bus, Cargo.
Also Read: Zoomcar, ETO Motors to develop a platform of services to boost shared EV mobility
