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Dew Briefs:
- investment approximately Rs 2,000 crore by 2028
- Prompt Electric Vehicle Gorkha
- In EV investment approx 200 to 300 crores
Diver insights:
- Force Motors, an automaker, intends to invest approximately Rs 2,000 crore in the next three to four years.
- The investment will be allocated to various activities, including sustainability initiatives and the development of electric vehicles.
- The Managing Director of the company, Prasan Firodia, confirmed the investment plans in an interview with PTI.
- The investment will cover conventional engines, electric vehicles, engineering facilities, and the creation of a more sustainable environment.
- Force Motors showcased its Traveller Electric, Urbania Diesel, and Traveller CNG at the Bharat Mobility Global Expo.
- The company is committed to electrification but will continue producing conventional engine vehicles as well.
- The initial investment in electrification is estimated to be around Rs 200 to Rs 300 crore.
- The first electric offering from Force Motors will be the Traveller Electric.
- The company plans to electrify various variants of the Traveller every six months and aims to introduce an electric version of the Urbania by the end of next year.
- Force Motors is also working on non-passenger transport and exploring electric options for vehicles like the Gurkha.