EV maker BNC to invest ₹100 crores

The company will produce three lakh units annually, targeting exports to Africa and expanding dealership in southern states

Updated - September 16, 2023 10:16 pm IST

Published - September 16, 2023 09:38 pm IST

Electric vehicle manufacturer Bharat New-energy Company, or BNC Motors, as it is known, will invest ₹100 crores in the next 18 months to increase its production capacity and release new products.

Anirudh Ravi Narayanan, CEO and co-founder of BNC Motors, told The Hindu that the company will launch a scooter brand-named Perfetto in the coming months, which has been developed in partnership with Musashi Seimitsu, a Japanese company. BNC will also launch a Bike named Boss, which has been developed in house.

The company is also setting up a new production facility in Coimbatore to manufacture three lakh vehicles annually. “We started sale of two-wheeler EV (brand-named Challenger) recently and hope to sell 1,000 units a month in the domestic market by the end of this financial year. Export demand is also good for the vehicle, especially in African countries and we export to a few countries. We are a vertically integrated company with 90 % of the supply chain located in Tamil Nadu. We have invested ₹100 crores so far and will invest another ₹100 crores (under PLI Scheme) within the next 18 months,” he said.

The company is also considering increasing its dealer network in the southern States by the end of fiscal 2023-2024.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.