SAR Group to make investments as much as Rs 1,500 crore in e-bike foray

_{Representational Image.}

The corporation sells electric powered scooters for the transport phase and recently released its first scooter for consumers. The corporation has invested around ₹three hundred crore up to now in growing those fashions and putting in a production unit at Manesar in Hary…

The SAR Group, that’s in the back of customer items manufacturers which include Livpure and Livguard, is now getting into the electrical -wheeler marketplace with its Lectrix emblem with an funding outlay of 1400-1500 crore.

The corporation sells electric powered scooters for the transport phase and recently released its first scooter for consumers. It has invested aroundthree hundred crore up to now in growing those fashions and putting in a production unit at Manesar in Haryana, consistent with Rakesh Malhotra, the founding father of the SAR Group. The Manesar plant currently could make as much as 150,000 gadgets a year.

Last week, Lectrix opened its first showroom. Now it appears to ramp as much as 150-a hundred and sixty stores with the aid of using the quota of this financial year, Malhotra instructed ET in an interview. By then it desires to ramp up income to over five,000 gadgets a month.

Following that, withinside the coming 18-24 months, the corporation is seeking to pop out with more than a few 4-five scooters, he said. All the fashions might be centred at mass-marketplace commuter segments.

The corporation’s fashions on sale have already certified for subsidies below the government’s FAME-India electric powered vehicle (EV) merchandising scheme, which has helped the corporation charge them around Rs 70,000-80,000.

The SAR Group already makes battery packs for different EV producers at its Livguard business. Now Lectrix might be the anchor client for the battery maker and additionally assist the corporation in generation improvement, Malhotra said.

Would you like to receive trending story notifications on your smartphone?

Get news of drivepilots vehicles, see automotive trends from the latest vehicles and supercars to SUVs.  Delivered this week, add your email

Yes, I want to receive news from inside of Drivepilots, keep me up to date with all things Drivepilots.

By signing up, you agree to our Terms of Use and accept the data practices in our Privacy Policy.  You can unsubscribe at any time.

Read greater

The Whippet Full Suspension Bicycle in 1888 showcases technology you would never have imagined

The corporation has additionally been running on growing its very own drivetrain during the last years, consistent with Malhotra. It has a 95-member layout and improvement team, he said. It has a co-placed motor making facility at its Manesar plant. “Except for cells and magnets, we’ve localized everything,” he said.

The SAR Group had additionally evolved the Luminous emblem which is understood for its domestic inverters amongst different products. The institution offered Luminous to Schneider Electric in 2011.