RR Global to invest Rs 125 cr in electric scooters business in three years

Company says it has identified 108 cities in southern and western India-the two regions it will focus on first--for setting up distribution centres for its scooters

RR Global, a $800 million electrical company, will enter India's two-wheeler electric vehicle (EV) segment, it said on Wednesday.

The company plans to produce 80,000 units in Financial Year 2020-21 as its plant in Chakan in Pune scales up manufacturing. RR Global is entering the business with its venture BGAUSS, which has its roots in manufacturing motors, controllers, and wire harness.

Hemant Kabra, director of RR Global Founder and managing director of BGAUSS, said the company plans to invest Rs 125 crore in the EV business in three years.