The e3W startup, Euler Motors, on Thursday announced its plans to increase its production capacity up to 3,000 vehicles units per month by mid-2022 from 4,000 units per annum at present.
According to the press release from the company, the enhanced production capacity will help speed up delivery against this current order book and meet the projected demand from Delhi NCR, Bangalore, Hyderabad Chandigarh and Pune.
The startup will invest INR 200 crore over the next 12 months to develop advanced state-of-the-art shop floors to drive up production capacity in its two existing facilities across Delhi-NCR. Alongside it will also set up an automated battery line for its patented liquid-cooled battery pack technology.
Saurav Kumar, Founder and CEO, Euler Motors, said, “Our investments in capacity expansion, are an effort towards fulfilling the growing demand and expand our market footprint across the country.”
Gaurav Kumar, Head of Supply Chain and Manufacturing, Euler Motors, said, “We intend to design state-of-the-art EV manufacturing facilities and build them both for scalability and also to ensure greater inhouse control over quality. To boost our manufacturing output, we are creating an automatic and futuristic shop floor that will set new benchmarks in the EV space.”