EKA Mobility, a Pune-based electric vehicle manufacturer, has quickly gained traction in the market since its commercial production began just a quarter ago. The company has successfully built an impressive order book of 1,500 electric buses valued at around ₹3,000 crore.
Current Production Status
Having already rolled out 200 electric buses, EKA Mobility plans to ramp up production significantly, aiming to manufacture between 300 and 400 buses by the end of the current financial year. The startup is preparing for even more growth, with plans to increase annual production to 1,200–1,800 buses in the next financial year.
Production Goals
Founder and Chairman Sudhir Mehta has outlined ambitious production goals. Currently producing about 25 buses per month, EKA expects to reach a monthly output of 100 to 150 buses by next year. To support this growth, the company is establishing three new plants to boost electric vehicle volumes.
Diverse Product Portfolio
EKA Mobility’s electric bus portfolio includes various models, such as 9M, 12M, and 7M city buses. The company is also set to launch an intercity coach early next year, expanding its offerings in the electric bus market.
Investment in Infrastructure
To support its ambitious plans, EKA Mobility is investing around ₹600 crore in enhancing its plant capacities and research and development. A new R&D lab is being established in Chakan, Pune, with a focus on developing cutting-edge technologies for its EV portfolio, for which ₹450 crore is being allocated.
Manufacturing Facilities
Currently, EKA operates two plants in Pune—one dedicated to electric buses and another for electric light commercial vehicles (LCVs). A third plant is under construction in Pithampur, Madhya Pradesh, which will cater to both electric buses and LCVs, with an investment of ₹150 crore.
Market Expansion Plans
EKA Mobility’s buses are currently operating in Delhi, and the company plans to expand its presence in other cities soon. The long-term goal includes establishing India as a hub for designing and manufacturing world-class electric commercial vehicles, with a particular focus on exports and domestic growth.
Financial Outlook
On the financial front, EKA aims to break even in the next financial year, positioning itself for sustainable growth in the burgeoning electric vehicle market. The company’s recent funding initiatives and strategic expansion plans set the stage for its continued success in the electric bus industry.
