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One Moto, a British electric two-wheeler manufacturer, said on Monday that it aims to spend INR 250 crore in Telangana to establish a manufacturing base that is designated to cover an area of 15 acres.
One Moto communicated in a statement that the firm has inked a memorandum of understanding (MoU) with the state government to establish the new factory on the outskirts of the capital Hyderabad.
To create smarter products, the new production plant will include extensive automation integration, including more semi-robotics and cutting-edge manufacturing machines.
The firm aims to manufacture 40,000 units annually as the initial phase of development of the plant and raise the capacity to 100,00 units within 2 years, said Sameer Moidin co-founder and partner of One Moto India.
The goal is to handle all the production in India and serve the rising market, he added.
The business recently debuted its Electa e-scooter at the EV India Expo in Greater Noida. Following the introduction of its brand in India in November 2021, the firm has launched three high-performance premium e-scooters for Indian customers: Byka, Commuta, and Electa.
Echoing the same words as Moidin, CEO of One Moto India, Shubhankar Chaudhry stated that “With the new production factory, we not only want to service our customers in India but also export automobiles to other worldwide markets that One Moto is growing,”
Citing the necessity to have the specific skill set for EV after-sales servicing, Chaudhary added that the company will be undertaking skill development initiatives in association with the state.
There is a huge possibility to create jobs in Telangana, not just at the industrial site, but also in rural regions, he added.
The facility will produce around 500 direct employment and another 2000 indirect ones in the state, said Chaudhary “This advancement will serve greater goals in all directions for the holistic growth of the electric transportation ecosystem,”