RR Global to invest Rs 125 cr in electric scooters business in three years
RR Global, a $800 million electrical company, will enter India’s two-wheeler electric vehicle (EV) segment, it said on Wednesday.
The company plans to produce 80,000 units in Financial Year 2020-21 as its plant in Chakan in Pune scales up manufacturing. RR Global is entering the business with its venture BGAUSS, which has its roots in manufacturing motors, controllers, and wire harness.
Hemant Kabra, director of RR Global Founder and managing director of BGAUSS, said the company plans to invest Rs 125 crore in the EV business in three years.
“We believe entering into the electric vehicle pace is just a forward integration to the business. We are currently in the endurance stage with a couple of our units which will be ready by next year,” said Kabra.
