Prevail Electric Mobility to set up new EV production plant in India
Category: #business  By Pankaj Singh  Date: 2021-08-03
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Prevail Electric Mobility to set up new EV production plant in India

Prevail Electric Mobility, a subsidiary of French firm FRVelion, has devised plans to open a manufacturing site in India for e-scooters production to satisfy country’s demand for EVs as well as to cater to other markets of Sri Lanka and Nepal.

According to sources, Prevail Electric, which will debut its first vehicle in India this month, aims to build a new production unit in Behrampur near Haryana, to complement its existing plant in Neemrana in Rajasthan, with a total expenditure of roughly Rs 50 crore (around $6.7 million) in both plants.

Hemant Bhatt, CEO, Prevail Electric Mobility, stated that they possess the capacity of around 25,000 units a year. However, the company are seeking to extend it up to 40,000 to 50,000 units a year. He added that this will be vital as the company plans to enter other markets like Nepal and Sri Lanka concurrently with the launch in India.

Previously, Prevail Electric had planned to launch its e-scooters in only India. However, it has been able to strike agreements with Nepal and Sri Lanka partners to market its products there. The goal is to sell 10,000 to 12,000 units each year in India, 3,000 units in Nepal and 5,000 units in Sri Lanka, Mr. Bhatt added.

On a vital note, Prevail Electric is planning to release three e-scooters with low-speed variations: Elite, Wolfury, and Finesse. All these models have 1,000W motors, one-click repair features and will have a range of up to 110 kilometers on a single charge.

The company is also hoping to extend its footprint by leveraging the network of its parent company, FRVelion, across the country. It will open flagship stores in Delhi and Mumbai to mark the beginning of its journey.

Source Credit - https://www.businesstoday.in/auto/story/prevail-electric-mobility-to-set-up-additional-manufacturing-unit-in-haryana-for-electric-2-wheelers-302981-2021-08-01

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Pankaj Singh    

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketin...

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