Kabira Mobility to Invest INR 300 Cr for New Manufacturing plant in UP
Electric Mobility Start-Up Kabira Mobility has announced to form a joint venture with Qatar based Al-Abdullah Group to invest INR 300 crores in the electric vehicle segment in India. The company plans to set up an electric two wheeler manufacturing plant in Jhewar, Uttar Pradesh. The 50-acre facility will have capacity of 1,20,000 unit of monthly production. It will have eight assembly lines and a fully automated inventory management system. The company also added that this manufacturing plant will have a robotic chassis welding line, and a fully automated battery pack assembly and testing line. This new facility is expected to generate direct and indirect employment opportunities for 7000 individuals.
Kabira Mobility has a manufacturing plant in Dharwad, Karnataka with a capacity of 40,000 units per month through two assembly lines. With this investment Kabira Mobility is strengthening its footprint in India's booming EV two-wheeler market, and this domestic manufacturing capacity would contribute positively to price competitiveness.
Jaibir Siwach, the CEO of Kabira Mobility said, “We are unwavering in our efforts to build a robust manufacturing infrastructure for our products. With the electric vehicle market outpacing expectations, growing at a rate of two to three times faster, it's imperative that we stay ahead of the curve.
The new plant in Jhewar is strategically located in the North India, which is one of the fastest growing markets today with one of the largest possibilities. This will provide an advantage for Kabira Mobility to reach new markets. This investment aligns with vision of Uttar Pradesh, which has attracted investment opportunities over INR 33 Trillion during its three-day global investor summit that concluded on Sunday last week, and haas been looking at becoming the electric vehicle manufacturing hub in India. He added that this manufacturing plant in North India, reflects the company’s commitment to meeting the surging demand while advancing the mission of 'Made in India' and establishing India as a global leader in the electric vehicle manufacturing industry.
Siwach said on the occasion that this investment would not only help the company in keeping pace with the increasing demand but would also provide a foundation for our future growth plans. The best in class infrastructure and a lean manufacturing approach at the plant will enable us to produce top-quality products that meet the evolving needs of our customers. With a strong focus on sustainability and environmental responsibility, we are determined to create a positive impact on the industry and make a lasting contribution to the nation.
Manoj George, CEO of Al-Abdulla Group expressed his excitement about the joint venture partnership with Kabira Mobility. He stated, "Our investment aligns perfectly with our group's vision of Investment in the renewable energy sector. By partnering with Kabira Mobility, we are strengthening our position in the renewable energy industry and expanding our reach into new markets in Middle-East and African Regions. This partnership not only opens the doors to the global electric two-wheeler market but also positions Kabira Mobility as a dominant player in the electric bike segment both domestically in India and globally."
