One-Moto, the first British premium electric vehicles (EVs) brand in India, is gearing up to set up a manufacturing unit in Telangana with an investment of Rs 250 crore. An MoU was signed between the company and the Telangana government to set up the UK-based firm's first manufacturing unit in India.
The unit, in all probability, will come up near Zaheerabad or at Chengicherla, shared Sameer Moidin, co-founder and partner of One-Moto, while launching their electric motorcycles here. The principal secretary of Telangana for IT and industries, Jayesh Ranjan, launched new electric vehicles in three different capacities.
While the firm is presently assembling vehicles in Hyderabad by importing parts from the UK, Sameer reveals that once the unit becomes operational, the entire manufacturing process will happen in Telangana to cater to the growing demand in the Indian market.
In fact, Hyderabad seems to be the key market for firms such as One-Moto, given that the state government is initiating and accelerating the EV revolution with policies for EV production and strong infrastructure. The company intends to manufacture at least 40,000 units in the first phase, and the capacity is expected to increase to 1,00,000 in two years.
The new manufacturing plant will be spread in 15 acres and will have major automation integration with additional semi-robotics and the latest manufacturing machinery to produce cutting-edge products. The new unit will be providing 500 direct and 2000 indirect jobs in the state. Though the company will manufacture two-wheelers at the new plant, eventually, they will get into the production of four-wheelers.
Right now, One-Moto has launched Byka, Electa, and Commuta for the Indian market. Once the manufacturing begins, all One-Moto fleet will be manufactured here along with two Indian fleets that were introduced by Elysium Automotives, currently promoting One-Moto in India. The company feels its hi-tech plant will reinstate the goal of 'Make in India' for India.