RR Global, Mumbai based firm, is making an entry into the electric vehicles segment. It plans to invest INR 1.25 billion (Rs 125 crores), through its internal funding, in the next three years in this venture. The company plans to launch two electric scooter models under the brand name ‘BGAUSS’ by the first week of August with prices starting from Rs 50,000 to Rs 99,000.
According to Hemant Kabra, Director, RR Global Director, “The reason why we entered into this (electric vehicles) space is because of the forward integration we are trying to do. We understand this space, power train – motor controller, cluster, battery, wire harness, lightning etc and 70 per cent of the components, we do day in and day out. We understand it very well” .
Further for the EV journey, the company will have its own products in its bike, within the 8 months to 1 year onwards. Currently, it is using Bosch Motor and controller.
For the EV venture, the company is “renting facility” inside its own premises which may churn our 80,000 units annually and may be scaled up to 2.5 lakh per annum.
RR Global is planning to launch its electric two-wheelers in the Southern and Western regions in seven states. In starting, it will be rolled out in cities such as Hyderabad, Chennai, Bangalore, Pune, and Coimbatore.
The company is additionally performing on a cargo model electric vehicle, which has seen a huge demand after the outbreak of COVID-19.