Hashiko, an electric vehicles manufacturer has proposed to set up a plant for manufacturing e-vehicles and lithium batteries in Coimbatore, Tamil Nadu. The manufacturing unit will see an investment to the tune of Rs 500 crore.

The company had also identified land for the unit which will be operational in another two years. The company also launched three new models of two-wheeler e-vehicles in the Tamil Nadu market.

Moreover, it will expand its dealership and pre-paid battery servicing stations across the state. With demand for e-vehicles set to grow in another three to four years, the company will enter all segments including conversion of existing petrol two-wheelers to battery-operated and modifying e-bike to battery less bike (prepaid battery).

Besides, the company has proposed to convert existing autorickshaws into e-autos.