Dao EV Tech, which is a Chinese firm, is planning to offer its electric vehicles (EV) in India. It will start with a ‘high speed’ electric scooter, Dao 703, in mid-January 2022. The bookings for the electric scooter have opened. The scooter costs INR 1.20 lakh, but after the applicable subsidies, Dao 703 will cost INR 86,000. The Dao EV range starts at INR 60,000.
Maneesh Singh, VP — strategic development, Dao EV Tech, told ETAuto – “We’ll be shifting our exports from China after we begin manufacturing at a planned production facility in Chittoor, Andhra Pradesh. We already have the market base available,”
The company is initially planning with a batch of 20 dealers in South India, and then wishes to have a nationwide presence with 300 dealers after around a year and a half. It has a sales target of 30 for each dealer, and wants to touch the one lakh mark in annual sales by then.
In the first phase, Dao EV Tech plans to offer 3 other models. Two of them will be ‘low speed’ models, aimed mainly for commercial applications. All Dao models will come with swappable batteries. Dao EV Tech plans to ramp up its product portfolio swiftly with at least two models every year. It will also offer free service for life. Warranty on the vehicle’s battery pack will be for 3 years, which can be extended to 6 years at a cost. Grocery shops are also being roped in to serve as battery swapping centres in some places.
The company has now moved its first assembly line in Chakan near Pune. It plans to set up another plant in Delhi-NCR in Manesar mostly.