PMI Electro to set up commercial EV manufacturing plant in Pune

Vehicles |Industry

Date: May 13, 2022

PMI Electro to set up commercial EV manufacturing plant in Pune

Haryana/Pune- PMI Electro Mobility Solutions Private Limited of Haryana, a manufacturer of electric vehicles having technical tie up with Beiqi Foton Motors, China has announced the setting up of its largest commercial EV manufacturing plant having annual production capacity of 2,500 vehicles at Chakan, Pune in Maharashtra with an undisclosed investment. Building work started on 13^th May 2022 and will commissioned by August 2023.

The 35-acre facility, to come up in MIDC, Chakan, Pune will employ 1,500 people, PMI is already operating a manufacturing facility in Haryana with a production capacity of about 1,500 electric buses per annum. With the upcoming facility in Chakan (Pune), the total annual manufacturing capacity of PMI will grow to 4,000 electric CVs and new plant will be capable of manufacturing electric CVs in multiple variants as well as electric trucks.

The upcoming facility's strategic location gives it access to the Nhava-Sheva port as well as the supply-chain ecosystem in Pune along with logistical advantage to cater to the major markets in west, central as well as southern parts of the country -- Maharashtra, Gujarat, Karnataka, and Madhya Pradesh, among others, PMI said.

The company said it has been bestowed with an order size of 1,000 electric CVs (Commercial Vehicles) under FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the central government.

Mr. Satish Kumar Jain, Managing Director of PMI Electro said "It gives us immense pride to lay the foundation to the next phase of our growth with the Pune factory. This will help us get closer to our dream of becoming a leading electric commercial vehicle player globally while contributing to 'make in India' and 'make for India',"

¹PMI Electro Mobility Solutions Private Limited is incorporated in 2017 with a tie up of Beiqi Foton Motors, China. PMI electro mobility is currently assembling the kits from China and planned to manufacture at Pune from 2023.