Kabira Mobility, an electric two-wheeler manufacturer, announced that it and Al-Abdulla Group from Qatar will invest Rs 300 Crore to establish a new manufacturing facility at Jewar in Uttar Pradesh.
The company stated that the new plant will cover 50 acres and have a production capacity of 1.2 million units per month. It will also include eight assembly lines.
The machine will be equipped with a fully automated assembly line for battery packs and testing, as well as an inventory management system and robotic chassis welder.
The company stated that the new facility will create direct as well as indirect employment opportunities for 7,000 people.
Jaibir Siwach, CEO of Kabira Mobility, stated that it is crucial that we keep up with the pace of the electric vehicle market, which is growing at an astounding rate, exceeding all expectations. The second manufacturing plant in North India reflects our commitment in meeting the growing demand and helping to establish India as a leader in electric vehicle manufacturing.
He added that the investment would not only keep up with increasing demand but also give us a solid foundation to support our future growth plans. According to the company, the new Jewar plant is strategically located in north India, which is one of the fastest-growing and most untapped markets. It will give Kabira Mobility an advantage to reach new markets.
“Our investment is in line with the group’s vision for investment in renewable energy. Kabira Mobility is our partner, strengthening our position in renewable energy and expanding our reach in new markets in Africa and the Middle East,” said Al-Abdulla Group CEO Manoj George.
The announcement was made at the UP Global Investors Summit.
Kabira Mobility stated that it will expand its sales network from the current 40 stores to more than 130 stores by December 2023.