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Ruchira Green Earth to invest Rs 200 crore over 3-4 years to set up plant in Haryana

Lithium-ion batteries and allied products maker Ruchira Green Earth will invest Rs 200 crore over the next three or four years to set up a new manufacturing unit in Haryana to double its production capacity. The company, which has a current capacity of manufacturing up to 5,000 batteries per month, is setting up a new unit at Yamuna Nagar in Haryana to fulfil the rising demand for its products, Ruchira Green Earth said in a statement.

“We are delighted to have been awarded contracts from many OEM’S for the supply of lithium-ion batteries …Moving ahead with a ceaseless commitment towards accelerating the transition to electric vehicles, we look forward to winning many more such contracts with major OEMs in the EV segment,” Ruchira Green Earth Director Deepan Garg said.

Ruchira Green Earth, which sells EV batteries under flagship brand AKIRA, said it has bagged orders from OEMs such as Gemopai, Tunwal, Myantra, Benling, Komaki for the supply of lithium-ion batteries for electric scooters. It is now looking to double its manufacturing capacity of lithium-ion batteries.

Source
ET Energy Wold
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