HOP Electric Mobility operates a factory in Jaipur that produces 50,000 units annually. In the upcoming 12 months, the company intends to invest more than Rs 200 crore in expansion. The funds will be used to upgrade the HOP Mobility E-bike from low-speed electric scooters to a high-speed model, and a new plant at Neemrana would be able to produce 5 lakh units annually. The plant’s first phase would be fully operational by the middle of 2023. The company along with its component supplier, plans to an electric vehicle park at Neemrana, Rajasthan.
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Note: The above-mentioned news was first published by us in our ProjectX India | 15th September 2022 edition. Click here to buy this issue. Access Electric Vehicles (Evs) news, projects, tenders, and contract award information in each fortnightly issue of ProjectX India PDF version. Go for an annual subscription and get access to 24 issues in a year.