Hashiko to set up Rs 500 cr plant for e-vehicles in Coimbatore

Electric vehicles makers Hashiko proposed to set up a Rs 500 crore plant here for manufacturing e-vehicles and lithium batteries, its Chief Executive Officer Mohammed Hashim said here Thursday.

The company had identified land for the unit which would become operational in another two years, he told reporters here after launching three new models of two-wheeler e-vehicles in the Tamil Nadu market.

The new models were priced at Rs 39,000, Rs 49,000 and Rs 59,000, he said.

Hashiko would soon expand its dealership and pre-paid battery servicing stations across the state, he said.

With demand for e-vehicles expected to grow in another three to four years, the company would enter all segments such as conversion of existing petrol two-wheelers to battery-operated and modifying e-bike to battery less bike (prepaid battery), he said.

Similarly, the company proposed to convert existing autorickshaws into e-autos besides launching unlimited kilo metres rental e-auto at the rate of Rs 400 a day, Hashim said.