Electric bus maker PMI Electro has announced that it plans to set up the largest commercial EV manufacturing plant having an annual manufacturing capability of two,500 automobiles at Chakan in Maharashtra. The facility, for which the muse stone was laid, can be in conformity with all inexperienced constructing norms and be commissioned by August 2023, PMI stated without disclosing the funding quantity for the upcoming plant.
The 35-acre facility, to come up in MIDC, Chakan — a hub of vehicle manufacturing close to Pune — will make use of 1,500 folks, the corporate stated.
PMI is already working on a manufacturing facility in Delhi's nationwide capital area with a manufacturing capability of about 1,500 electrical buses every year.
The firm stated it has been bestowed with an order dimension of 1,000 electrical CVs (Commercial Vehicles) beneath the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the central authorities.
With the upcoming facility in Pune, the overall annual manufacturing capability of PMI will develop to 4,000 electrical CVs, the corporate stated, including that the brand new plant shall be able to manufacture electrical CVs in several variants in addition to electrical vehicles.
"It gives us immense pride to lay the foundation for the next phase of our growth with the Pune factory. This will help us get closer to our dream of becoming a leading electric commercial vehicle player globally while contributing to 'make in India' and 'make for India'," stated Satish Kumar Jain, Managing Director of PMI Electro.
Emphasizing that the commercial automobiles powered by clear power will play a serious position in sustainable mobility, Jain stated his firm desires to actively contribute in the direction of the longer-term progress of this section and obtain the sustainability goal set out by the federal government.
The upcoming facility's strategic location provides it entry to the Nhava-Sheva port in addition to the supply-chain ecosystem in Pune together with logistical benefits to cater to the key markets in the west, central in addition to southern components of the nation — Maharashtra, Gujarat, Karnataka, and Madhya Pradesh, amongst others, PMI stated.