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Lucknow’s Sahara Group Ventures Into EV With Launch Of Sahara Evols

Lucknow’s Sahara Group Ventures Into EV With Launch Of Sahara Evols

Sahara Evols’ products will initially consist of bikes, scooters, etc

It is also introducing a network of battery charging and swapping stations

The expansion will start from Tier 2 and 3 markets

Lucknow-based conglomerate Sahara Group has announced its foray into the electric vehicle market with the launch of its new subsidiary— Sahara Evols.

With Sahara Evols, the company is looking to offer a wide range of electric vehicles (EVs) along with advanced allied services. Sahara Evols’ products initially consists of bikes, scooters, e-rickshaws and 3-wheeler cargo vehicles, charging stations and EV batteries.

They are also introducing a network of battery charging-and- battery swapping stations. The company says that it will expand its base first in country’s Tier 2 and 3 cities by the end of this financial year, in a phased manner.

Subsequently, in the next financial year, it will roll out its products and services pan-India.

Lucknow’s Sahara Group Ventures Into EV With Launch Of Sahara Evols

The company website quotes Sahara India Pariwar chairman Subrata Roy saying, “We are proud to introduce for the first time, a complete ecosystem of electric vehicles in India. Sustainable and environment-friendly modes of transportation are the need of the time. The Sahara Evols range of electric vehicles is going to be our contribution…towards alternative, sustainable and eco-friendly modes of transportation.”

India is steadily moving towards achieving its 2030 vision of 30% EVs, however, a few setbacks in the path are lack of proper infrastructure, lack of adequate technology and shortage of specialised human resource in the electric vehicle industry.

At the same time, several private industry players such as Hero, Hyundai etc have taken up the onus to introduce their products in the EV market. Also, there are startups such as Ola, Twenty Two Motors, Ather Energy, Yulu etc who are doing their share of innovation coupled with investments to boost the EV industry of the country.

As the public and private industry players come together for the next generation of urban mobility i.e. electric vehicles, the reliance and synergies have a long way to go.

Author

Bhumika Khatri

Inc42 Staff

Hailing from a business-oriented family, Bhumika has always been crunching numbers in her head. Words are her escape and she looks to find hidden startup stories.

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