EKA Mobility plans Rs 1,000-crore R&D investment for electric vehicles, eyes 2.5 lakh jobs over next five years
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓EKA Mobility plans a Rs 1,000-crore R&D investment over the next five years.
- ✓The company aims to create 2.5 lakh jobs across its ecosystem.
- ✓"We will invest Rs 1,000 crore in R&D over the next five years," said Dr.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Statesman
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
EKA Mobility has invested over Rs 600 crore in research and development (R&D) and plans to invest another Rs 1,000 crore over the next five years, while aiming to generate more than 2.5 lakh jobs across its operations and wider ecosystem, as the electric commercial vehicle maker expands its manufacturing capacity and global footprint.
"We will invest Rs 1,000 crore in R&D over the next five years," Dr. Sudhir Mehta, Founder and Chairman of EKA Mobility and Group Companies, told mediapersons here.
The Pune-based company has built the widest and most comprehensive range of electric commercial vehicles in the country, spanning buses, small commercial vehicles, and medium and heavy commercial vehicle trucks.
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