India: ETO Motors plans Rs 150 crore investment in Telangana for electric vehicle production
ETO Motors has announced the setting up of a greenfield manufacturing facility in Telangana for its range of electric 3 wheelers.
The production unit is going to be arising under its subsidiary Keto Motors, with an investment of Rs 150 crore over the subsequent five years and with expected employment generation for over 1,500 people. The Hyderabad-based company has signed a Memorandum of Understanding with the Telangana government for this purpose on Friday.
The products range under the company include ergonomically designed zero-emission electric three-wheelers in passengers also as within the cargo segment. Its products are equipped with high-quality suspension and the largest tyres in the three-wheeler segment that gives a smooth riding experience, ETO said during a press statement on Monday.
Having an outsized wheelbase gives greater stability to the vehicle and superior legroom. The vehicles are powered by a high capacity AC-induction motor which gives the power to navigate diverse terrain with ease. ETO uses state-of-the-art lithium-ion batteries in its electric three-wheelers that provides a range of up to 120 KM in a single charge. Manufactured using ABS panels and aluminum chassis, the vehicles are highly robust and durable, the company claims.