Bharat New-energy Company, or BNC Motors, an electric car manufacturer, would invest 100 crore over the next 18 months to enhance manufacturing capacity and launch new vehicles.

In an interview with The Hindu, Anirudh Ravi Narayanan, CEO and co-founder of BNC Motors said that the company will launch a scooter brand-named Perfetto in the coming months, which has been developed in partnership with Musashi Seimitsu, a Japanese company.

BNC will also launch a Bike named Boss, which has been developed in house.

“We started sale of two-wheeler EV (brand-named Challenger) recently and hope to sell 1,000 units a month in the domestic market by the end of this financial year. Export demand is also good for the vehicle, especially in African countries and we export to a few countries. We are a vertically integrated company with 90 % of the supply chain located in Tamil Nadu. We have invested Rs 100 crore so far and will invest another Rs 100 crore (under PLI Scheme) within the next 18 months,” he said.