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RR Global to invest Rs 125 cr in electric vehicles segment

Thursday, 11 Jun 2020
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RR Global is making a foray into the electric vehicles segment, with plans to invest Rs 125 crore in the next three years on the venture.
The company plans to launch two electric scooter models under the brand name 'BGAUSS' by first week of August 2020, with prices ranging from Rs 50,000 to Rs 99,000.
Currently the company has developed its own motor and controller and wire harness internally and to start with the first two products it is going (for components) outside India.
Currently, RR Global is using Bosch motor and controller, but eventually within the next eight months to one year onwards, the company will have its own products in its bikes.
For the EV venture, the company is renting facility inside its own premises which can roll out 80,000 units annually and can be scaled up to 2.5 lakh per year.
The company plans to produce 80,000 units in FY21 as its plant in Chakan in Pune, Maharashtra, scales up manufacturing.
The company has more than 6,000 dealers and distributors in India and aims to use its strength in products like motor controller and harness for the new scooters business.
The company is working on two new designs and plans to launch them by October 2021. It has identified 108 cities in southern and western India -- the two regions it will focus on first -- for setting up distribution centres for its scooters.
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