PMI Electro plans to build a commercial electric vehicle factory in Maharashtra

PMI Electro plans to build a commercial electric vehicle factory in Maharashtra

With the upcoming facility in Pune, the total annual manufacturing capacity of PMI will grow to 4,000 electric CVs, the company said, adding that the new plant will be capable of manufacturing electric CVs in multiple variants as well as electric trucks. ”It gives us immense pride to lay the foundation to the next phase of our growth with the Pune factory. This will help us get closer to our dream of becoming a leading electric commercial vehicle player globally while contributing to ‘make in India’ and ‘make for India’,” said Satish Kumar Jain, Managing Director of PMI Electro.  Emphasising that the commercial vehicles powered by clean energy will play a major role in sustainable mobility, Jain said his company wants to actively contribute towards the future growth of this segment and achieve the sustainability target set out by the government.

PMI Electro, an electric bus manufacturer, announced on Friday the opening of its largest commercial EV manufacturing unit in Chakan, Maharashtra, with an annual production capacity of 2,500 vehicles. The facility, for which the foundation stone was placed on Friday, will comply with all green building standards and will be operational by August 2023, according to PMI, which did not disclose the investment figure. The 35-acre complex, which will be built in MIDC, Chakan, near Pune, will employ 1,500 people, according to the business. PMI already has a manufacturing facility in the Delhi national capital region that can produce roughly 1,500 electric buses per year. The company said it has been bestowed with an order size of 1,000 electric CVs (Commercial Vehicles) under FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the central government.

The upcoming facility’s strategic location gives it access to the Nhava-Sheva port as well as the supply-chain ecosystem in Pune along with logistical advantage to cater to the major markets in west, central as well as southern parts of the country — Maharashtra, Gujarat, Karnataka and Madhya Pradesh, among others, PMI said. It also said that the plant is being designed to host the right mix of latest technology and cost-effective manufacturing practices to ensure best-in-class quality, optimised labour productivity and accelerated response to quick order and high asset turnover ratio. PMI has entered into a collaboration with global commercial mobility giant Foton for technology and designing environment-friendly commercial mobility solutions in India, it said.  Incorporated in 2017, PMI claims it is the only original equipment manufacturer of all three models for standard, mid and mini buses in the country.

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