Atumobile inaugurates a 2nd manufacturing plant in Hyderabad; production capacity increased to 3.50L units

Electric vehicle maker Atumobile on Friday announced the inauguration of its second manufacturing plant at Patancheru, Hyderabad, increasing its total annual production capacity from 25,000 to 3.50 lakh units. Automobile Pvt Ltd had set up its first manufacturing plant in Hyderabad in 2020.

“The current market for gasoline powered two-wheelers is around 1.50 crore per year. Considering the growth of the electric two-wheeler market, we are increasing our annual production capacity to nearly three lakh vehicles with l opening of this second plant,” said Vamsi Gaddam, Founder – Managing Director Atumobile Pvt Ltd.

Atum’s increased electric vehicle production capacity will not only contribute to the company’s green initiatives, but also to India’s transformation into a sustainable and environmentally friendly nation, he said. added.

Spread over 20,000 square feet, the new factory will produce the next-generation low-speed e-bike Atum 1.0 and subsequent models, which will be launched in the coming months, Atumobile said.

The latest facility is the first-of-its-kind manufacturing unit powered by ATUM Solar Roof, the world’s first power-generating rooftop, making it a net-zero facility, the Hyderabad-based company claimed.

Atum 1.0, priced at Rs 54,999 (excluding tax), boasts a top speed of 25 km/h and comes with a 48V 250W motor, 3-pin portable battery and 14-litre trunk, among others, according to the company.

Moreover, the e-scooter does not require any license or registration to operate on the road, he said.

“As the demand for high-speed variants is high, we will also launch Atum 1.1 with a maximum speed of 50 km and Atum 2.0 with a maximum speed of 70 km in the coming months,” he said, adding that the The company is looking to capture around 5% market share in 2022 with its next models.

Amid central government efforts for faster adoption of electric vehicles in India, the two-wheeled electric vehicle market is expected to replace about 50 percent of gasoline-powered vehicles with electric vehicles by 2030, the company said.

The electric two-wheeler market grew by 135% in 2021, reaching about 2.30 lakh in cumulative numbers of low-speed and high-speed electric scooters.

Since the trend of electric vehicles is booming due to FAME 2 subsidy and rising fuel prices, Atumobile expects the overall volumes of electric vehicles to hit about six lakh units this year, said Gaddam said. PTI IAS DRR

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