The 35-hectare facility, to be built in MIDC, Chakan, an automobile manufacturing hub near Pune, will employ 1,500 people, the company said.
PMI already operates a production facility in the capital region of Delhi with a production capacity of around 1,500 electric buses per year.
The company announced that it has received an order size of 1,000 electric CVs (Commercial Vehicles) under the central government’s FAME II program (Accelerated Adoption and Manufacture of Hybrid and Electric Vehicles).
With the forthcoming Pune facility, PMI’s total annual production capacity will grow to 4,000 electric CVs, the company said, adding that the new plant will be able to produce electric CVs in multiple variants as well as electric trucks.
“It fills us with great pride to lay the foundation for the next phase of our growth with the Pune factory. This will help us move closer to our dream of becoming a global leader in electric commercial vehicles while being ‘Made in India’ and ‘For India’,” said Satish Kumar Jain, Managing Director of PMI Electro.
Stressing that the clean energy commercial vehicles will play an important role in sustainable mobility, Jain said his company wants to actively contribute to the future growth of this segment and achieve the sustainability target set by the government.
The future facility’s strategic location gives it access to the Port of Nhava-Sheva as well as the supply chain ecosystem in Pune, along with logistical advantages to serve the key markets in the West, Central and South of the country – Maharashtra, Gujarat, Karnataka and Madhya Pradesh, among others, said PMI.
It also said the facility was designed to house the right mix of the latest technology and cost-effective manufacturing processes to ensure premium quality, optimized labor productivity and expedited response to quick orders and a high asset turnover rate.
PMI has entered into a collaboration with global commercial mobility giant Foton for the technology and design of green commercial mobility solutions in India, it said.
Founded in 2017, PMI claims to be the only original equipment manufacturer of all three models for standard, medium and minibuses in the country.