PMI To Setup Its Largest Electric Commercial Vehicle Manufacturing Plant In Pune

PMI, a manufacturer of electric buses, announced that it will set up its largest electric commercial vehicle manufacturing plant in Pune by 2023, in partnership with Foton, a global commercial mobility giant. The 35-acre facility will come up in MIDC, Chakan, and employ 1,500 personnel. The facility will be commissioned by August 2023 with a capacity to produce 2,500 electric CVs per annum, with commercial production to kick start by October 2023. The facility will be capable to manufacture electric CVs in multiple variants and electric trucks.

Also Read: Piaggio And Foton Sign Final Contract For New Range Of LCVs

Satish Kumar Jain, MD, PMI said, “It gives us immense pride to lay the foundation for the next phase of our growth with the Pune factory. This will help us get closer to our dream of becoming a leading electric commercial vehicle player globally while contributing to Make-in-India and Make-for-India.”

PMI operates a manufacturing facility in Delhi-NCR. (Image for representational purposes only)

Also Read: Ford To Introduce 3 New EVs And 4 New Electric CVs In Europe By 2024

PMI operates a manufacturing facility in Delhi-NCR as well, with a production capacity of about 1,500 electric buses per annum. With this expansion in Pune, the total annual manufacturing capacity of PMI will grow to 4,000 electric CVs. The location of the Pune facility gives it access to the Nhava-Sheva port as well as the supply-chain ecosystem in Pune, along with logistical advantage to cater to the major markets in Maharashtra, Gujarat, Karnataka, M.P., etc.