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.”
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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.