One Moto to set up manufacturing unit in Telangana
By MYBRANDBOOK
Electric two-wheeler maker One Moto India has signed an MoU with the Telangana government and will be investing Rs 250 crore to set up its manufacturing unit in the outskirts of Hyderabad, which is considered as a key market for electric vehicles.
It will also create around 500 direct and 2,000 indirect jobs. It aims to manufacture at least 40,000 units in the first phase of the plant launch, and the capacity will easily be taken up to 1 lakh in two years.
The new manufacturing plant is to be spread across 15 acres and will have major automation integration with additional semi-robotics and the latest manufacturing machinery to produce cutting edge products.
CEO of One Moto India Shubhankar Chaudhry said, “With the new manufacturing plant, we not only aim to serve our customers in India but also export vehicles to other global markets which One Moto is developing. We will be also setting up skill development programmes with the State since EV after-sales service requires a specialised skillset.”
He further added that there is a tremendous opportunity to create jobs in Telangana, not just at the manufacturing facility but also in rural areas. One Moto has already brought three high-speed electric scooters - Byka, Electa, and Commuta, into the Indian market.
BREAKING NEWS
TECHNO TRENDS
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
Nium Appoints Alexandra Johnson appoints as Chief Payments Off
Nium, the leader in real-time cross-border payments, today announced the ap
OPEN YOUR EYES
INTERVIEWS
Fire-Boltt innovates and introduces newer categories to make i
One of the biggest strengths and focus area of Fire-Boltt is innovation. Wi
InstaSafe’s growth has always been determined by its custome
With the epidemic, India became a major global market, and in the years 202
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
POLYCAB INDIA PVT. LTD.
ZOHO CORPORATION PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
DRUVA SOFTWARE PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Debjani Ghosh
Debjani Ghosh is the first woman president of NASSCOM (the umbrella bo...
PARTNER SPEAKERS
PSU
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
VIDEOS
Top 25 Brands
Value-Added Distribution
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
