Scooters India Ltd will resurrect an old model to enter the electric vehicle market

The board of directors have decided to diversify the Scooters India product range in line with the upcoming EV market in India
Scooters India Ltd will resurrect an old model to enter the electric vehicle market

New Delhi: The latest entrant in the electric vehicle (EV) market is state-owned Scooters India that announced its plans to foray into this sphere by bringing back the once popular Lambretta brand in the electric version. In a meeting that was held on December 14, the board of directors decided to diversify the product range in line with the upcoming EV market in India, a regulatory filing by Scooters India said.

The state-owned enterprise said that it intends to develop its electric three-wheeler, Vikram, in both passenger and goods carrier segment

The company is already in discussions with other public sector undertakings (PSUs) like BHEL and NTPC for the venture. The state-owned enterprise said that it intends to develop its electric three-wheeler, Vikram, in both passenger and goods carrier segment. While the passenger variant will have a seating capacity of four, including the driver, the goods carrier will be in the sub-one ton category. Scooters India also said it intends to develop electric four-wheeler of sub-two tons in both passenger and goods carrier segments.

"SIL is in discussion with BHEL, NTPC, EVI Technologies, Murata Technologies, Japan Sun Mobility and Xngri, the USA for technology/logistics partnership," it said. The company said it already has a seven-seater Vikram-EV that has received approval from ICAT and an electric load carrier of 1,250 GVW. "The company is planning for the commercial launch of the same shortly," it added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)

logo
PSU Watch
psuwatch.com