Mecwin India will make an investment of Rs 50 crore for setting up a manufacturing plant for EV motors and controllers.
The facility will cater to the demand for indigenous mid drive and hub motors along with controllers from EV Original Equipment Manufacturers in India.
The plant be operational by the end of 2023. It will have an initial manufacturing capacity of 2,000 units per day.
The company also plans to gradually scale up capacity as demand rises.