CapEx News

Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers

Home   »   CapEx-News   »  

Lord’s Mark Industries, Kerala Automobiles establish JV for EV production

Automotive Industries  -  Aug 07,2023  - 

Lord's Mark Industries Limited, a Mumbai-based diversified corporation focused on sustainable business, has signed a joint venture agreement with Kerala Automobiles Ltd to manufacture 2 and 3 wheelers, including electric scooters, passenger vehicles, and loaders.

The partnership's strategy is centred on the most recent plan for two-wheeler and three-wheeler EVs to be built at Kinfra Park in Kannur and supplied across the country.

By utilising our expertise in electric vehicles and KAL's proficiency in automobile manufacturing, we want to launch cutting-edge electric vehicles that will transform urban mobility and minimise carbon footprint,'' said Sachidanand Upadhyay, Founder and Managing Director, Lord's Mark Industries.

The manufacturing facility is expected to be operational within 6-8 months. The company plans to roll out the Triton Electric Cycle on October 2, this year from the KAL facility at Thiruvananthapuram.

Company : Lord's Mark Industries

Kerala Automobiles