e-Ashwa Automotive forays into battery manufacturing
Modified On Oct 14, 2022 11:49 AM
Join hand with Texor Energy to produce co-brand lithium ion batteries
To ramp up vehicle production with a reliable supply of modern batteries for its range of electric vehicles, e-Ashwa Automotive, one of the leading EV makers has signed its first joint venture with Textor Energy to produce lithium batteries.
As part of the partnership, e-Ashwa Automotive & Texor Energy will jointly produce the lithium batteries under the joint brand of e-Ashwa & Texor. This partnership will help e-Ashwa Automotive to use its own branded lithium batteries in its wide range of electric 2-wheelers & 3-wheelers products.
e-Ashwa Automotive is strengthening its capabilities in Lithium-Ion batteries and partnered with Neuron Energy, a manufacturer of lithium-ion and lead acid batteries, last month for sourcing 600 EV battery packs each month and 10,000 battery packs per year. It has also recently announced the launch of its new EV Design and Engineering Centre in Ghaziabad.
e-Ashwa has 12 different models of electric 2-wheelers and a few electric 3-wheelers models under its own brand e-Ashwa. Under electric 3-wheelers, e-Ashwa has its own model of e-Rickshaw, e-Loader and e-Auto apart from vehicles like e-Cargo, e-Garbage, e-School van, and the like in the 3-wheelers verticals.
For the last 4 years, e-Ashwa has been selling EV products and has so far set up 26 Assembly units in various parts of the country with 750+ team members from technical and support function backgrounds including dedicated Research and Development people. To date, it has sold over 18,000 EV products under different categories - e-scooters, e-motorbikes, e-loaders, e-food cart to e-garbage vehicles. It has assembly units in 16 states with a strong dealership network of over 1000+ dealers across the country.
Speaking on this joint venture, Vikas Gupta, Founder & CEO, e-Ashwa Automotive, said, “Battery is an important part of electric vehicles and there is a greater need for localized manufacturing to cater to the needs of the Indian market. By partnering with Texor Energy, e-Ashwa has entered the battery manufacturing space which will help expand its offerings and provide company-owned lithium-ion batteries to our vehicles. As a result of this tie-up, both companies will have the opportunity to provide their customers with quality battery packs and extend their reach across the country.”
Are you in the market looking for an electric auto-rickshaw? At TrucksDekho, you can find all the top brands and models, and get to explore top features, and compare them with rivals in the segment. You can also get an on-road price quote, calculate EMI, and also find deals on finance and insurance.