Balan Engineering Launches Electric Vehicles Focussed To Benefit Rural Economy
Announces Six Variants – Electric Loader-Vishwas; Electric Garbage Vehicle-Swach Rath; Electric Passenger Ricksaw B5; Electric Sanitizing Vehicle; Electric Fumigation Vehicle and Electric Push Cart-Kamala
Bengaluru, Thursday, January 28, 2021: Balan Engineering Private Limited based in Bengaluru today announced the launch of six variants of Electric Vehicles that would benefit individuals and companies focussed on Cargo transport, Agriculture, Civic Amenities amongst others. The Evs were today unveiled by Hon’ble Minister for Industries, Shri.Jagdish Shettar at an August gathering at Hotel Lalith Ashok Bengaluru and were joined virtually by Shri. Sadananda Gowda, Hon’ble Minister for Chemicals & Fertilisers, Govt. of India and Shri. Nitin Gadkari, Hon’ble Minister for Road Transport & Highways and Minister of MSME, Govt. of India.
The Electric Vehicles that were unveiled today included the Electric Loader-Vishwas, Electric Garbage Vehicle-Swach Rath, Electric Passenger Ricksaw-B5, Electric Sanitizing Vehicle, Electric Fumigation Vehicle and Electric Push Cart-Kamala. These are more elevant in boosting rural economy and in large civic corporations and institutions. The EVs are durable and sturdy. The Company will offer 4 years warranty on battery and motor controller.
Balan Engineering will be engaged in the manufacture, assembly and sale of various types of Electrical Vehicles and has received the licence to set up a large manufacturing facility in Bagalkot District, Karnataka.
Currently production is in Bengaluru with a capacity of about 300-400 vehicles a month. The factory operations will shift to Bagalkot on completion of the factory in 6-9 months and the Bengaluru facility will then be converted into the city service centre.
Speaking at the launch, Mr. Balakrishnan N, Director, Balan Engineering Pvt. Ltd. said, “We have acquired 25 acres land for setting up the Manufacturing Facility at Bagalkot and the land development activities have been completed. We are awaiting financial closures to start the construction work.”
Balakrishna added, “The investment is over Rs. 50 crores which will be done in two phases to set up the state of the art Manufacturing plant. We will be manufactuirng various types of EVs under our own brand as well as for others who are interested to partner with us. Some major players are already in discussion with us for a tie-up of production in their names.”
The capacity of the factory in the initial phase will be about 25,000 vehicles per annum of all types. The expanded capacity will be more than 50,000 vehicles.
The promoters have a passion and deep conviction for manufacturing vehicles to boost rural economy as it saves significant transport costs and as they are good value for money, helps saves costs. The promoters believe that Value for money and Durability of the product will be two guiding principles of the Company.
Balakrishna further added, “The Company’s key focus at present is to manufacture vehicles that would be used for Cargo Transport, Rickshaws for rural population, rural economy relevant vehicles for use in Agriculture, and in forest areas and resorts, for civic amenities and inside large corporate campuses and educational institutions. We are committed to manufacture products that would ease the lives of even the street vendors through our Electric Push Carts which would help espeically the fruit and vegetable sellers in their daily work.”
The vehicles are 100 pc made in India and in line with Atmanirbar Bharat. The company has tied up with very good and reputable motor and lithium battery suppliers. The company’s products will inspire confidence in the minds of the users.
Some of the products will be very unique. They are very useful in the civic administration. The products will be export worthy. They have gone through practical full load trials in the road conditions prevalent in India.
Balakrishna shared, “Bagalkot is one of the few places in Karnataka that has not had much opportunity to be industrialized. Our proposal to set up our plant in Bagalkote received very good support from the Government of Karnataka. The factory in Bagalkot will generate 200 jobs in the full size directly and about 300 more indirectly. The surrounding area will also develop with individual workshops in plenty to support the large factory. The location is also at a tri-junction from Bengaluru, Hyderabad and Mumbai and hence the 6 states below Maharashtra will be our focus.”
Balan Engineering is promoted by young entrepreneur, Mr.N. Balakrishnan, an Electrical Engineer- 27 years, with about 7 yrs of entrepreneurial experience and Mrs. Usha Nandaa Kumar, an experienced entrepreneur who has successfully promoted a food processing MSME unit in Bengaluru for 20 years employing more than 200 people.
The company is professionally run by a team and supervised by a board. Shri Kuljeet Singh Popli former CMD of IREDA is also on the board. The company has some very experienced advisors from the industry.
