French lubricants major FRVelion’s arm, Prevail Electric Mobility, will be setting 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.. The company will launch its first product in India soon and 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.
Prevail Electric Mobility CEO Hemant Bhatt said – “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,”.
He also mentioned that 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. However, the company has been able to sign with partners in Nepal and Sri Lanka to sell its products there as well.
The company aims to sell around 10,000 to 12,000 units a year in India and 5,000 units in Sri Lanka and 3,000 units in Nepal. Also, it is gearing up to launch three electric scooters with low-speed variants – Elite, Finesse, and Wolfury. All the models are fitted with 1,000W motors and one-click-fix functions. These will be able to cover up to 110 km in a single full charge. It will be opening its flagship stores in Delhi and Mumbai to kick off its journey.