Aaryans P. Ltd. group has already joined hands with M/s Exerval Pvt Ltd, Pune for manufacturing Electric vehicles. This will cater to the high-speed segment of two-wheelers and B2B two-wheelers. The sourcing of raw materials and other components is around 80% indigenous as on date and we have already implemented plans to have 100% indigenous source of Raw Materials. Aaryans have signed an agreement for technical collaboration and manufacturing of electric four-wheelers, commercial vehicles and buses in the segment. We had already rolled out our EV Bikes in Feb 2022 and are looking forward to launching electric 4 wheeler and commercial vehicle by the last quarter of 2024.
We are also venturing in to backward integration of the said segment by developing and setting up production facility to manufacture Batteries and Semiconductors which are the main components in an Electric Vehicle. Both the components are under the business plan of Aaryans and the produce will be for the captive consumption and for the open market and exports.
FUTURE PROSPECTS FOR AARYANS
- The Unique Selling Point (USP) of these electric four-wheelers will be extra mileage, extended battery life with warranty, more advanced electric motor, less charging time, riders /drivers' safety and sturdier as well as safer vehicle design. Moreover, all technical parts, including the batteries, will be fully designed and manufactured in our in-house facility. The battery plant shall also cater to the needs and requirements of other EV players in the market at affordable pricing. After the launch of our four-wheeler and other vehicles, we also have planned to set up unique charging stations across all states of India, under our petroleum business vertical, which shall cater to all types of electric vehicles with extra safety and compatibility.
- Aaryans will be investing a total of Rs. 625 crores and shall generate employment for 700 youths
