The company plans to launch these electric two-wheelers by July. The joint venture was formed a few months back and initially the company would be importing and assembling about 1,000 units a month.
While initial investments in assembling wouldn't be much -- about Rs 3 crore (Rs 30 million) in working capital -- it would go up once component sourcing is taken up locally, Ganguly informed.
At the moment, four variants of electric cars are ready at the Tara International factory at Palta, a few kilometers from Kolkata.
The Tara Carrier, which is likely to cost about Rs 500,000.
Also read: Check out these innovative cars!
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