Foreseeing the potential of EV the market in India, Hyderabad based ETO Motors, electric mobility as a service company is gearing up to ramp up their portfolio with a four-wheeler cargo carrier.
The company already owns vehicle variants such as e-autos, e-rickshaws and three-wheeled cargo vehicles which can carry an overall load of 500Kg.
The new variant is rumored to carry a total load of over 900Kg across a stretch of 250kms in a single charge. Pushing the limits further, after the successful adoption of the 900Kg, a 1.25-1.5 ton variant is also under consideration aiming at the construction and mining sector. As an initial boost, the company has invested a total amount worth INR 25 crore which would hit the INR 100 crore mark within a few years.
The new variant is rumored to carry a total load of over 900Kg across a stretch of 250kms in a single charge. Pushing the limits further, after the successful adoption of the 900Kg, a 1.25-1.5 ton variant is also under consideration aiming at the construction and mining sector. As an initial boost, the company has invested a total amount worth INR 25 crore which would hit the INR 100 crore mark within a few years.
At present, ETO has categorized its vehicles based on sleep limit and capacity with its three-wheeler segment being segregated into above and below 25km speed variants. The company is planning to operate a total fleet of 6,000 EV’s by the end of next fiscal year across India.
According to Biju Mathews (CEO- ETO Motors), the sole focus of the company was the reduction of CO2 emission for a cleaner environment and initially, they had only plans for only 2-3 wheelers. At present, the EV ecosystem has a demand and supply gap larger than anticipated which can only be bridged by new players or existing players with a larger product portfolio.
In order to ease the process of production, ETO has set up their own assembly units in Hyderabad which has a cumulative installed capacity of 6000 electric vehicles per annum and plans are underway to create manufacturing hubs through the nation for minimizing the logistics and production costs. The company is also planning to source vehicles and components from overseas producers for rapid deployment and technology transfer facilities. Due to the combined effort in creating a local manufacturing ecosystem, import dependency is limited to only 15-20 components on a total of 300 individual ones used in EV’s. The price factor is also limited to around INR 3 to 3.20 Lakh for E-autos and INR 1.2 Lakh for e-rickshaws. In order to curb the range anxiety issues that an EV has to face, ETO is offering end to end solutions for their EV
fleet ranging from infrastructural support, on the go charging facility, maintenance and service support.
According to Biju Mathews (CEO- ETO Motors), the sole focus of the company was the reduction of CO2 emission for a cleaner environment and initially, they had only plans for only 2-3 wheelers. At present, the EV ecosystem has a demand and supply gap larger than anticipated which can only be bridged by new players or existing players with a larger product portfolio.
In order to ease the process of production, ETO has set up their own assembly units in Hyderabad which has a cumulative installed capacity of 6000 electric vehicles per annum and plans are underway to create manufacturing hubs through the nation for minimizing the logistics and production costs. The company is also planning to source vehicles and components from overseas producers for rapid deployment and technology transfer facilities. Due to the combined effort in creating a local manufacturing ecosystem, import dependency is limited to only 15-20 components on a total of 300 individual ones used in EV’s. The price factor is also limited to around INR 3 to 3.20 Lakh for E-autos and INR 1.2 Lakh for e-rickshaws. In order to curb the range anxiety issues that an EV has to face, ETO is offering end to end solutions for their EV
fleet ranging from infrastructural support, on the go charging facility, maintenance and service support.
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