Thiruvananthapuram- Lord’s Mark Industries Limited., a diversified sustainable business based in Mumbaihas signed a joint venture agreement with Kerala state-owned Kerala Automobiles Ltd (KAL) to spearhead the manufacturing of 2-wheelers – electric scooters and bikes, 3-wheelers – passenger and loader. The event took place at Thiruvananthapuram, Kerala in the presence of respected dignitaries, P. Rajeev, Hon. Minister for Industries, Law and Coir, Government of Kerala; Stanley Pulluvilas, Chairman, Kerala Automobiles Ltd (KAL); Saseendran, Managing Director, Kerala Automobiles Ltd (KAL); Dr. Sunil Waman Korgaonkar, Director – Commercial, KAL – Lords Mark Technology Pvt. Ltd. and Mr. Vidit Tiwari, Director – Technical, KAL – Lords Mark Technology Pvt. Ltd.
The joint venture between Lord’s Mark Industries and KAL is set to revolutionize the electric vehicle market in India and other countries. The strategy behind the partnership focuses on the latest planning for two-wheeler and three-wheeler electric vehicles to be manufactured at the KINFRA Park in Kannur, State of Kerala aiming for distribution across the country and have plans to export in key markets.
Commenting on the collaboration, P. Rajeev, Hon. Minister for Industries, Law and Coir, Government of Kerala said “Today marks the beginning of a new era in the realm of sustainable transportation. This partnership between Kerala Automobiles Ltd and Lord’s Mark Industries symbolises our collective commitment to creating a greener and more environmentally conscious future for our country.’’
Sachidanand Upadhyay, Founder and MD, Lord’s Mark Industries said, ‘’By leveraging our expertise in Electric Vehicles and KAL’s excellence in automobile manufacturing, we aim to introduce cutting-edge electric vehicles that will reshape urban mobility and reduce carbon footprint. This alliance with Kerala Automobiles Ltd (KAL) marks a significant milestone for automotive industry and its pursuit of sustainable mobility solutions.”
Stanley Pulluvilas, Chairman, Kerala Automobiles Ltd (KAL) shared, “By collaborating with a dynamic and innovative partner like Lord’s Mark, we aim to drive innovation in electric vehicle manufacturing and contribute to the state’s vision of becoming a leader in clean and green transportation. The Triton Electric Cycle, which embodies the best of both companies’ expertise, will be a game-changer in promoting eco-friendly transportation options and fostering a cleaner environment.”
The manufacturing facility will be set up on 2 acres land at KINFRA Park, Kannur provided by the Government of Kerala. The construction of the manufacturing facility will be operational within 6-8 months. Meanwhile, the company plans to roll out the much-awaited Triton Electric Cycle on October 2, 2023 from the KAL facility at Thiruvananthapuram.
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