Kolkata-based KSL Cleantech plans to invest around ₹ 200 crore in the next three years on development of electric two- and three-wheelers and expanding manufacturing capacity besides sales and marketing of the products, according to a top company official.
The company, which has been primarily into the solar power space for the last 10 years, is also in talks with global firms for partnering in its electric mobility venture in areas including product development and supply of components such as lithium ion batteries.
“We have drawn up a plan for three-year horizon. We plan to invest around ₹ 200 crore across manufacturing, product development, marketing and branding. It will also include development of essential components, which has been now prescribed by the government to be indigenised,” KSL Cleantech Ltd Managing Director Dhiraj Bhagchandka told PTI.
