In a bid to enter Electric Vehicle (EV) space, the automotive seating, interiors & speciality vehicles company Pinnacle Industries today floated its subsidiary brand EKA.
According to a statement from the company, the new subsidiary will design, manufacture, and supply a complete range of commercial EVs, including electric busses and last-mile delivery vehicles, along with plug-in hybrid EVs, Fuel Cell EVs, and alternative fuel vehicles.
In addition, it will also house components assembly and manufacturing, EV traction systems, EV energy storage systems, among others, the statement added.
The company claims to be developing sharable technologies to democratise EVs with best-in-class TCO solutions and a sustainable ecosystem.
Sudhir Mehta, Chairman, Pinnacle Industries & EKA, said the company's vision is to enable India to become one of the leaders in commercial electric mobility. EKA will open a new ecosystem of technology, manufacturing, and distribution to various parts of the country.