Electric bus maker PMI Electro on Friday announced the setting up of its largest commercial EV manufacturing plant at Chakan in Maharashtra with an annual production capacity of 2,500 vehicles.
The facility for which the foundation stone was laid on Friday will be in compliance with all green building regulations and will be operational by August 2023, the PMI said without disclosing the amount of investment for the upcoming plant.
The 35-acre facility, MIDC, is coming to Chakan – an automobile manufacturing hub near Pune – to employ 1,500 people, the company said.
PMI is already operating a manufacturing facility in the Delhi National Capital Region with an annual production capacity of about 1,500 electric buses.
The company said it had received an order for 1,000 electric CVs (commercial vehicles) under the central government’s FAME-II (Accelerated Acquisition and Production of Hybrid and Electric Vehicles) project.
With the upcoming facility in Pune, PMI’s total annual production capacity will increase to 4,000 electric CVs, the company said, adding that the new plant will be able to produce electric CVs in multiple variants as well as in electric trucks.
“It makes us immensely proud to lay the foundation for the next phase of our growth with the Pune factory. It will contribute to ‘Make in India’ and ‘Make in India’ and help us move closer to our dream of becoming a leading electric commercial vehicle player worldwide. For India, “said Satish Kumar Jain, Managing Director, PMI Electro.
Emphasizing that commercial vehicles powered by Clean Energy will play a major role in sustainable mobility, Jain said his company wants to actively contribute to the future growth of this segment and achieve the sustainable goals set by the government.
The strategic location of the upcoming facility gives it access to the supply-chain ecosystem in Pune as well as the Nava-Sheva port and provides logistical facilities to cater to major markets in the western, central and southern parts of the country – Maharashtra, Gujarat, Karnataka and Madhya Pradesh, among others, PMI said.
It added that the plant is designed to host the right mix of the latest technology and cost-effective manufacturing practices to ensure the best-in-class quality, optimized labor productivity and rapid response to fast order and high asset turnover ratios.
The global commercial mobility for PMI technology has entered into a partnership with giant Photon and designed eco-friendly commercial mobility solutions in India, it said.
Incorporated in 2017, PMI claims to be the only original equipment manufacturer of three models for standard, mid and mini buses in the country.