Sunlit Power, the manufacturer of ARENQ brand batteries, has announced its plans to invest Rs 100 crore over the next two years to set up an automated manufacturing unit in Pune. The manufacturing unit is expected to be commissioned by October 2023. In addition, the company plans to expand its presence across India by setting up service and sale branches in Kerala, Chennai, Delhi, and Bangalore in the current financial year.
The company aims to increase efficiency and productivity by automating the manufacturing unit and meeting the growing demand for its products and services. The proposed expansion will help Sunlit Power augment its production capacity, foster sustainable development, and generate employment opportunities.
Sunlit Power is eyeing business associations with a multinational corporation and a major 2-wheeler manufacturer. The company will be producing solar off-grid solutions and inverters for the MNC and batteries for high-speed electric bikes to be launched in 2025.
According to Shyam Manohar Nayak, Chairman of Sunlit Power, “The investment in automating our manufacturing unit in Pune is a strategic move that will enable us to increase efficiency and productivity. At the same time, our new service centers across the country will further help us reach more customers.”
Jitendra Patil, Managing Director of Sunlit Power, added, “Our expansion plans across metro cities will help us strengthen our presence in the market and provide better sales and service support to our customers. We remain committed to providing high-quality products and services to our clients.”
