Indian automotive start-up, Ellysium Automotives has announced revoking its association with British automotive brand, One Moto.
Ellysium’s decision to set-up a manufacturing unit in India did not receive the expected support from the British electric mobility company. And that triggered the start-up’s decision to part ways.
Following this, the Indian start-up has now announced its plans to launch a new EV brand by the end of June 2022. This new brand, once launched, will aim to launch at least three products within the ongoing fiscal, a press release from the company stated.
The company, meanwhile, has started working closely with the Government of Telangana for land allotment, as it intends to set up its manufacturing operations in the State. The new facility will be equipped with automation integration, semi-robotics, and manufacturing machinery, the company stated in a release.
Muzammil Riyaz, Promoter & Founder, Ellysium Automotives, said, “Given the current scenario of EV brands in the Indian market, it has become very important to keep a close watch on what one is releasing on roads in the name of EV. Additionally, the price point too needs to be kept in check, understanding that EV is still a new concept for Indian customers. All this can only happen if one manufactures in India, and that is what we will be pursuing.”