Pinnacle Mobility is launching two electric bus manufacturing projects in Maharashtra.
London-based Cassis e-Mobility will build electric buses at the Talegaon EV plant on a 75-acre facility.
Two electric bus-making projects are being launched by Pinnacle Mobility in Maharashtra.
All types of vehicles in Maharashtra, the electrification of the mass transport segment is now starting. Work on two projects has begun in Pune with an investment of nearly Rs 5,000 crore in greenfield electric bus production projects.
Maharashtra Tourism and Environment Minister Aditya Thackeray arrived at Pune’s Talegaon on Friday to attend a land worship ceremony at the Kassis e-Mobility plant in India. London-based Cassis e-Mobility will produce electric buses at its EV plant on a 75-acre facility. Kasis is investing Rs 2,800 crore in an EV plant.
Pinnacle e- Mobility VDL JV electric bus
Work on the plant began in the first week of November 1, 2022, with the aim of bringing out buses. Capacity is around 1,000 units. The Cassis starts with three variants with 9-, 11- and 12-metre buses in the range of 250-300 km. The battery production facility is also in the pipeline and is expected at a later stage.
Pinnacle Mobility Solutions, an electric vehicle company promoted by Pinnacle Industries, has been working on an electric bus project for the past three years. Pinnacle Mobility’s Rs 2,000 crore electric vehicle project has recently been approved under the government’s automotive PLI scheme. Sudhir Mehta, president of Pinnacle Mobility, said their bus, designed and engineered in Pune, is ready and has gone to the Automotive Research Association of India for homologation. The first of the products is City Bus and Coaches, and four-wheel drive vehicles for last-mile mobility. The buses initially target the company’s staff mobility division.
Production at Pinnacle will be split between Pune and Madhya Pradesh’s Pitampur. But this is not limited to these places because Mehta plans to create small assembly plants in many places in the country and not build a mega plant. Mehta said he could work with state transport companies that have production facilities and are looking to build electric buses. The work is expected to start in April 2022 and the company will begin investing Rs 300 crore in the first year and 600 crore in the second year. It is capable of producing 500-1,000 buses annually. Pinnacle has signed a deal with Europe-based VDL for this venture. Most of the parts are manufactured or sourced within the country
sources : Pinnacle / The Economic Times
