Prevail Electric Mobility To Build Another Manufacturing Plant In India To Meet Demand

- Advertisement -
- Advertisement -

The company, which is an arm of French lubricants major FRVelion, will launch its first product in India this month

Image for representational purpose only

To meet the demand for electric two-wheelers in India, Prevail Electric Mobility is looking to establish an additional manufacturing unit in the country.

Prevail plans to set up the new manufacturing unit at Behrampur near Gurugram to add to its existing plant at Neemrana in Rajasthan with an overall investment of around Rs 50 crore in the two plants.

- Advertisement -

The company, which is an arm of French lubricants major FRVelion, will launch its first product in India this month. It is also looking to catering to Nepal and Sri Lankan markets. 

“Currently, we have a capacity of somewhere around 25,000 units a year. We’ll be increasing it to around 40,000 to 50,000 units in a year,” Prevail Electric Mobility CEO Hemant Bhatt told.

He said this has been necessitated due to the company’s move to enter Nepal and Sri Lankan markets simultaneously with the launch in India. Initially, the company had planned to launch its electric two-wheelers in India only.

However, the company has been able to sign with partners in Nepal and Sri Lanka to sell its products there as well, he added.

The target now is to sell around 10,000 to 12,000 units a year in India and 5,000 units in Sri Lanka and 3,000 units in Nepal, Bhatt said.

The company is gearing up to launch three electric scooters with low-speed variants. All the models are fitted with 1,000W motors and one-click-fix functions. These will be able to cover up to 110 km in a single full charge.

The EV manufacturing start-up, Prevail Electric Mobility, which began its operations in India in 2019, is also looking to tap on the network of its parent FRVelion in the country to expand its footprint.

“We already have contact in entire India because the parent company is into lubricants. So we already have our footmark in this segment from the past three years now,” Bhatt said.

Stating that the company already has the dealer network, the plan for this ongoing financial year is to put up 50 flagship stores in India “if everything goes well with no (further) COVID-19 wave”, he added.

At present, Bhatt said the company imports lithium-ion and lithium phosphorus batteries from Taiwan and if its two-wheelers get traction in the market, it will look to set up a battery unit here as well.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...
XR Headset Quest 3, Meta

Global XR Headset Shipments See A Major Decline, Sony Rises

0
Sony grabbed a market share of 24% in 2023 up from 1% in 2022. Bulky form factor, and lag, hinder adoption by serious...

Buzz

Tenstorrent- RISC V cores

MosChip Collaborates With Tenstorrent For Advanced RISC-V Cores

0
Tenstorrent has selected Moschip due to their tape out expertise in design services. India’s MosChip Technologies has announced partnership with computing company Tenstorrent and to...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Important Sectors

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

BYD Aims For 20% Increase In Yearly EV Sales

0
The company is targeting sales of 500,000 vehicles internationally this year, over twice the amount sold last year, and aims to increase that figure...

RRP Electronics To Invest ₹5000 Cr In OSAT and R&D In Maharashtra

0
Cricket legend Sachin Tendulkar is investing in this semiconductor facility. Such celebrated personalities investing in the sector could be a great asset to the...

Subsidy Cuts Push E2W Makers Towards Budget Models

0
Electric two-wheeler manufacturers face reduced government subsidies and growing competition from established petrol vehicle brands in the upcoming fiscal year. These challenges compel them...

Nissan To Invest In Renault’s Ampere For EV Roadmap

0
The alliance aims to introduce both five-seater and seven-seater models for each brand in India. Japan's Nissan Motor has committed to investing in Renault's electric...

Manufacturing

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...

Servotech Boosts India’s EV Charging Infrastructure With Manufacturing Facility

0
The new facility is poised to start with an annual production capacity of 24,000 power modules and plan to scale up to 2.4 lakh...