PG Electroplast Joins Hands with Spiro Mobility for EV Manufacturing in India
PG Electroplast Partners with Spiro Mobility for Exclusive EV Manufacturing in India
Key Responsibilities in the Partnership
- PG Technoplast Pvt. Ltd.: A subsidiary of PG Electroplast, PG Technoplast will establish and manage manufacturing facilities for electric vehicles, lithium-ion batteries, and related components. They will also oversee procurement of parts and raw materials as per Spiro Mobility’s requirements.
- Spiro Mobility: Spiro will focus on research and development, marketing, sales, and distribution of the electric vehicles produced by PG Technoplast.
Leadership Comments
- Mr. Vishal Gupta, Managing Director (Finance), PG Electroplast Ltd.: Gupta sees this venture as a stepping stone for the company into the EV and lithium-ion battery sector, providing significant growth potential. He is optimistic about the partnership’s success in positioning them as a key player in India’s burgeoning EV market.
- Mr. Kaushik Burman, CEO, Spiro Mobility: Burman emphasized Spiro’s status as Africa’s largest EV player and expressed enthusiasm about collaborating with PG Technoplast. He praised PG’s execution capabilities and professionalism, forecasting mutual growth and expanded reach into emerging markets through this partnership.
About the Companies
- PG Electroplast Limited: A leading provider of Electronic Manufacturing Services (EMS) and contract manufacturing for major consumer electronics and durable goods in India. PG specializes in plastic injection molding and offers a variety of OEM and ODM solutions, including air conditioners, washing machines, air coolers, and LED TVs.
- Spiro Mobility: Recognized as Africa’s largest electric vehicle company, Spiro Mobility is known for its innovations in the EV space and aims to bring its expertise to emerging markets like India.
