Hyderabad, Oct 31 (Mayank Nigam) ETO Motors Vice President ( Business Development) Rajeev YSR on Saturday said, “India has once again proved to be the most exciting automobile market in recent times and by 2030, the country is expected to become the third largest automotive market in the world. The Indian Electric Vehicle (EV) market size is expected to reach an impressive INR 11.42 Lakh Crore during the same period, Mr Rajeev said at the EV Trade Expo held at Hitex Exhibition Centre here showcasing its strength as a 360 o Electric Mobility solution provider by not being a manufacturer of the vehicles but also as fleet operator and a charging infrastructure provider. He said “The electric mobility market is expected to expand significantly till 2030 and we are proud to be spearheading this revolution from Telangana, the go-to destination for all electric vehicle manufacturing and auxiliaries.
Headquartered in Hyderabad, ETO Motors thrives on its 3E Principles of Environment Employment and Empowerment working to reduce the carbon footprint, providing employment and empowerment opportunities, ably demonstrating it at the expo. Earlier, Telangana Minister for Energy K. Jagadish Reddy, who inaugurated the expo, commended ETO Motors’, a homegrown company for spearheading the electric mobility revolution across the country. “We are extremely happy to see Telangana taking the lead in the Electric Vehicle revolution”, the Minister added.
ETO Motors vehicles are made for various applications in logistics – including refrigerated trucks, flatbeds, and garbage tippers. The Company also works to install robust charging infrastructure, dedicated driver partner networks as well as three & four-wheeler passenger and cargo electric vehicles. ETO Motors brings close to a decade of experience in the EV industry, having been instrumental in setting up 30 MWs of charging infrastructure and a 5MW charging hub at one location. The newest solution made to ease EV charging woes is the Thunder box, an affordable charging point for homes, small businesses, logistics hubs, parking spaces, malls, residential projects and commercial venues which were launched during the expo. Thunder box is designed to work with all 2 & 3 wheelers. The expo was attended by Municipal Administration Principal Secretary Aravind Kumar, Special Secretary (Energy) Sunil Sharma, TSREDCO Vice Chairman and Managing Director N. Janaiah and State Director Automotive Vice-Chairman Gopalakrishnan.