Goenka Electric Motor vehicles bag order for 500 e-rickshaws from Essel Infratech, to invest $5 million for increasing production, also launch Super King at EV Expo 2018
EV Expo 2018: Goenka Electric Motor Vehicle launch e-rickshaw Super King, announce investment of $5 million to increase production in 2019
Goenka Electric Motor Vehicles Private Limted (GEM), the top name in e-rickshaw production in India announced that it would invest $5 million in 2019 to ramp up the production capacity. GEM also launched a new e-rickshaw, Super King at the EV Expo 2018.
Goenka Electric Motor Vehicles is in cloud nine as its hands are full with orders. Recently GEM bagged a big order worth 500 e-rickshaws from Essel Infratech. Also, GEM is the first Indian EV maker to export e-rickshaws to Africa, when it recently made 250 e-rickshaws for Government of India, which gifted these vehicles to Senegal. The announcements came during the launch of Super King, a premium and highly efficient electric auto-rickshaw at the 8th Eco-Friendly Electric Vehicles Exp (EV Expo 2018), which began on December 20, 2018 at Pragati Maidan in Delhi. Anant Gangaram Geete, Union Minister for Heavy Industries and Public Sector Enterprises formally launched Super King at the beginning of EV Expo 2018.
GEM has a production capacity of 40,000 e-rickshaws a year. As the company is pretty sure that EVs are going to rule the roost in the coming years, as the fossil fuel will become more expensive and stringent laws are going to reduce the number of vehicles made with combustion engines. As part of gearing up for the future demand, GEM is expanding its production capacity in its plant by infusing a fund of $5 million that would be accomplished in 2019. Rightly so, the company had kept a punchline “Because the Future is Electric.” Equipped With high-end technology, superior grade engineering and a combination of composite materials, GEM vehicles are the most energy efficient in the market. The light weight vehicles ensure an increased battery life and enable easy driving. Ownership cost of GEM vehicles is 40% lower in comparison to autos that run on internal combustible engines.
Zafar Equbal, CEO, GEMS said, “GEM believes in innovation and we are pioneers in the electric vehicle space in India.. Since our foray into e-rickshaw space, GEM has emerged has the leader in the sector and our products are available through our 150 dealers across the country. We are adding an additional 200 dealers in the coming year and we expect our products to be available to an even wider consumer set. Our products are developed to the highest standards, utilising exceptional quality material and components. The newly launched Super King vehicle is not just an environment and user-friendly vehicle but is also exceedingly energy efficient and has high load tolerance to endure extreme conditions. And we hope, like all our previous variants, Super King too will delight the customers with great performance.”
Goenka Electric Motor Vehicles has a large team of experts comprising of electrical engineers, mechanical engineers and other industry professionals. All vehicles are manufactured using automotive industry equipment and processes by an accomplished team of experts. Each of these vehicles undergo rigorous quality checks to ensure that the quality of the product meets industry-best and predefined quality standards.