British company signs MoU with Telangana Government, to invest up to INR 250 crores
One-Moto, a British brand of premium EVs in India, has announced the signing of an MoU with the Telangana Government for setting up its first manufacturing unit in India. The new facility will be located at the outskirts of Hyderabad. Hyderabad seems to be the key market for EVs, with the state government accelerating the EV revolution with supporting policies for EV production, and strong infrastructure too. The brand plans to invest up to INR 250 crores to establish the manufacturing unit.
“We are determined to provide Indian customers with quality products in EVs. 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,” Mr. Sameer Moidin, Co-Founder & Partner, One Moto India.
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.
One Moto recently launched its new e-Scooter Electa at the EV India expo in Greater Noida. After the brand launch in India in November 2021, the brand has already brought three e-Scooters for Indian customers- Byka, Electa, and Commuta. All the e-Scooters are high-speed premium products flaunting scintillating style, and high-end quality.
The One Moto team with Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT), Telangana Government, at the MoU signing ceremony
“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. There is tremendous opportunity to create jobs in the state of Telangana not just at the manufacturing facility, but also in rural areas. We will be also setting up skill development programs with the state since EV after-sales service requires a specialised skillset. We look forward to working with the state Government which has been putting all its efforts towards promoting e-Mobility. The plant will create almost 500 direct & 2000 indirect jobs in the state. This development will serve larger purposes in all directions for the holistic development of electric mobility ecosystem,” Mr. Shubhankar Chaudhry- CEO, One Moto India.
The manufacturing 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. The launch of this high-tech plant reinstates our ambition to ‘Make in India’ for India.
