One Moto has signed a Memorandum of Understanding (MoU) with the Telangana government to invest up to Rs. 250 crore in the facility’s construction.
- One Moto has launched a few electric two-wheelers in India
- The brand is represented by Ellyssium Automotive in India
- The company will invest Rs. 250 crore for the new facility in Telangana
One Moto, an electric car manufacturer, has signed a Memorandum of Understanding (MoU) with the Telangana government to establish a manufacturing facility. The new manufacturing plant will be located on the outskirts of Hyderabad, and the brand has stated that it will invest up to Rs. 250 crore in it. According to the corporation, the new manufacturing plant will have considerable automation integration with extra semi-robotics and cutting-edge manufacturing technology to make cutting-edge items. The new plant will be located on the outskirts of Telangana’s capital, Hyderabad, and will cover 15 acres.
“We not only want to service our consumers in India with the new manufacturing factory, but we also want to export automobiles to other worldwide countries where One Moto is expanding. In the state of Telangana, there is a huge possibility to create jobs, not just in manufacturing, but also in rural areas. We’ll also work with the state to build up skill development programmes, as EV after-sales servicing necessitates a unique set of capabilities. We are excited to collaborate with the state government, which has been working hard to promote e-mobility. In the state, the factory will generate about 500 direct and indirect jobs. This development would benefit the overall development of the electric transportation ecosystem in a variety of ways “CEO Shubhankar Chaudhry commented.
“With the new manufacturing plant, we not only want to serve our Indian customers, but we also want to export autos to other countries where One Moto is expanding. There is a big opportunity to create jobs in Telangana, not just in manufacturing, but also in rural areas. We’ll also collaborate with the government to develop skill development programmes, as EV after-sales service needs a distinct set of skills. We’re thrilled to cooperate with the state administration, which has been pushing for e-mobility for a long time. The factory will create approximately 500 direct and indirect jobs in the state. In a variety of ways, this growth would aid the entire development of the electric transportation ecosystem.” Shubhankar Chaudhry, CEO
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