Electric two-wheeler maker Ultraviolette to invest Rs 779 crore in new manafacturing facility in TN over next 5 years: CEO Narayan Subramaniam

Electric two-wheeler maker Ultraviolette will establish a new manufacturing facility in Hosur, Tamil Nadu. The company plans to invest Rs 779 crore over the next five years for this expansion. This new BIGGA Factory will have an initial capacity of 250,000 vehicles annually. The facility will support the production of Ultraviolette's Tesseract electric scooter and future models.