Ultraviolette eyes global EV market with Rs.779-crore Hosur plant, targets 5 lakh-unit annual capacity
New Delhi, Oct. 24 -- Bengaluru-based electric motorcycle maker Ultraviolette Automotive is stepping up its global expansion, backed by nearly Rs.500 crore invested in research and development and a manufacturing facility in Tamil Nadu designed to scale up production to 5 lakh units annually over the next five years, The New Indian Express reported.
Niraj Rajmohan, founder and chief technology officer of Ultraviolette, said the company's technology was designed to last nearly a decade as it seeks to strengthen its position in the premium electric motorcycle segment.
In an interview with The New Indian Express on Thursday, Rajmohan said electric motorcycle sales in India had more than doubled over the past few years and predicted further...
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