KSL Cleantech To Launch New Electric Two And Four Wheeler In India

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  • The company will be focusing on electric two- and three-wheelers, and small commercial and passenger vehicles in the coming months
  • KSL plans to launch 10 new innovative variants of electric vehicles in the two and four wheeler segment within the next 12 months
  • The group is developing various prototypes of mini passenger vehicles and is currently in discussions with a global technology partner in EV space
  • The company also plans to manufacture these models in India in a phase-wise manner with an investment of more than Rs 200 crore
  • KSL is considering and evaluating opportunities for setting up a manufacturing facility in India

Kolkata-based KSL Cleantech Ltd has said that it will launch 10 new electric vehicles in two, three and four wheeler segments within the next 12 months.

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The company will be focusing on electric two- and three-wheelers, and small commercial and passenger vehicles in the coming months. Currently, the company has few models of three-wheeler electric vehicles which are being sold across India through a large number of dealers and channel partners.

KSL sees a humongous opportunity in electric vehicle (EV) ownership in India which is expected to increase to about 125 million by 2030. The company plans to launch 10 new innovative variants of electric vehicles in two-wheeler and four-wheeler segment within the next 12 months.

The group is developing various prototypes of mini passenger vehicles and is currently in discussions with a global technology partner in EV space.

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Future plans
The company also plans to manufacture these models in India in a phase-wise manner with an investment of more than Rs 200 crore.

Dhiraj Bhagchandka, managing director of KSL Cleantech Ltd. said to an English Daily that the entire market for land transport will switch to electrification in the near future. He further mentioned that the government wanting to bring in EVs swiftly to tackle pollution, gives the organisation an opportunity to address a market looking for quality and performance and show an EV can outperform.

The company is considering and evaluating opportunities for setting up a manufacturing facility in India, according to Bhagchandka.

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