Balan engineering ltd - Latest News Update, Information, Photos & Videos on Balan engineering ltd at Lokmat Times

Bengaluru, Jan 28 Karnataka Industries Minister Jagadish Shettar on Thursday rolled out six variants of electric vehicles (EVs) to boost rural economy through cargo transport, ferrying agriculture goods and providing civic amenities."The six EVs of Balan Engineering Ltd will boost rural economy by transporting farm goods, cargo, garbage and commuters, using clean energy as they are battery operated," said Shettar on the occasion.The six EV variants are loader Vishwas, garbage vehicle Swach Rath, passenger rickshaw B5, sanitizing vehicle, fumigation vehicle and push cart - Kamala.Union Minister for Road Transport and Highways Nitin Gadkari and Union Minister for Chemicals and Fertilisers D.V. Sadanada Gowda participated in the event virtually from New Delhi.The city-based firm offers 4-year warranty on battery and motor controller for all its EVs.The state government has given a licence to the firm to set up a production facility at Bagalkot in the state's northwest region to roll out the EVs in large numbers for meeting the demand in towns and villages across the state."Though we are rolling out about 400 EVs a month in our Bengaluru plant, we are shifting our operations in 6-9 months to Bagalkot where the production plant with 25,000 units per year capacity is being set up in 25 acres of land at a cost of Rs 50 crore in two phases," said Balan Engineering director N. Balakrishnan on the occasion.The new plant at Bagalkot will create 200 direct and 300 indirect jobs initially."As Bagalkot is at a tri-junction from Bengaluru, Hyderabad and Mumbai, our plant will help in developing the area with ancillary units and component vendors," added Balakrishnan.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Balan Engineering LtdFOLLOW

Balan engineering ltd, Latest News

Business :K'taka minister rolls out 6 EVs to boost rural economy

Bengaluru, Jan 28 Karnataka Industries Minister Jagadish Shettar on Thursday rolled out six variants of electric vehicles (EVs) ... ...