Darwin Platform group forays into e-mobility space; launches 3 e-scooters
Darwin Platform Group of Companies (DPGC) has launched three electric scooters -- D-5, D- 7 and D-14 -- priced at Rs 68,000, Rs 73,000 and Rs 77,000, respectively.
Darwin Platform Group of Companies (DPGC) on Monday announced its foray into the electric mobility space with plans to invest nearly Rs 450 crore on product development.
As part of the initiative, the group's EV venture Darwin EVAT launched three electric scooters -- D-5, D- 7 and D-14 -- priced at Rs 68,000, Rs 73,000 and Rs 77,000, respectively.
"Global automotive industry is in a transition phase and shifting towards electric mobility and in India, this transition has started to pick up pace. Darwin EVAT aims to contribute more to this electric revolution," DPGC Group CEO Raja Roy Choudhury said in a statement.
Commenting on the group's plans for the EV venture, DPGC Director & Head Automobile Business Saurabh Mohan Saxena said, "The company and group would initially invest nearly Rs 450 crore in this transformation and is taking a comprehensive approach, ranging from research and development to production of green vehicles, which also includes strategic collaborations and partnerships."
See Zee Business Live TV Streaming Below:
He, however, did not specify the timeline for the investment.
The group said its three electric scooters, which have features such as regenerative braking, speed control gear, battery swapping and USB mobile charger port, among others, have a range of 70-120 km on a single charge.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
08:33 PM IST