The gigafactory, described as the world’s largest of its kind, will focus on producing key components such as batteries, motors, displays, and chargers.
This project focuses on the production of lithium-ion batteries, which are crucial for electric vehicles (EVs), renewable energy storage, and various electronic devices. The gigafactory aims to boost local manufacturing capabilities, reduce dependency on imports, and support India's transition to sustainable energy solutions.
The project will be executed in four phases, with the initial phase dedicated to establishing in-house manufacturing capabilities for these essential parts.
The flood of positives it brings are appreciable:
Reduced carbon footprints: with: E-Cycles contributing more cleaner and sustainable method of transportation.
Reduce costs with larger economies of scale
Better lifestyle change: potential to convert peoples commuting habit into much healthier option.
Reinforcement of Make In India: Following the path of Narendra Modi to Make in India, the factory is set to take upon the world in a short time.
Because expansion is part of EMotorad’s strategy to cater to the growing global demand for electric cycles, targeting both domestic and international markets, including Europe and North America. The company, which already holds a 65% market share in India, aims to leverage this new facility to enhance its competitiveness and innovation in the e-cycle industry.
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