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SRIVARU Holding announced the completion of a new manufacturing facility in Coimbatore, India, geared towards electric motorcycles. The state-of-the-art facility can initially produce 2,000 units of the PRANA 2.0 model monthly, with a potential to upscale to over 4,000 units. Featuring an automated testing line, the production cycle—from start to final testing—takes just 12 minutes. The facility is equipped for efficiency and potential expansion to support up to 50,000 units annually. SRIVARU aims to capitalize on India's burgeoning EV market, projected to hit $36 billion by 2027, with the EV segment expected to represent up to 50% by 2030.
SRIVARU (SVMH), a premium electric motorcycle provider, announced that CEO Mohan Ramasamy discussed the company's latest developments in an interview with Proactiveinvestors.com. The focus was on the successful internal testing of the PRANA 2.0 electric motorcycle, which has now been submitted for final certification by road and safety authorities. Additionally, the company's supply network is fully prepared to commence production upon certification. The interview is available on ProactiveInvestors.com and their YouTube channel.
SRIVARU Holding (Nasdaq: SVMH; SVMHW) announced the successful completion of EMC/EMI testing for its flagship electric motorcycle, PRANA 2.0.
This milestone is critical in meeting the Central Motor Vehicles Rules (CMVR) regulatory requirements, ensuring the vehicle's electromagnetic emissions and susceptibility comply with standards. CEO Mohanraj Ramasamy emphasized the company's dedication to high-quality, compliant electric vehicles.
PRANA 2.0 features smart riding capabilities, unlimited GPS connectivity, a proprietary braking system, and a 4-mode driving option. This step brings SRIVARU closer to launching the PRANA 2.0, strengthening its market position in the evolving EV sector.
SRIVARU Holding (SVMH) has completed the production model of its PRANA 2.0 electric motorcycle, with internal testing finalized and the vehicle submitted for road and safety certification. The company has established its complete supply chain network for production post-certification. The PRANA 2.0 is expected to have a 20% longer driving range compared to its predecessor, offering users up to 250km on a single charge. SRIVARU is focused on precision engineering, quality control, and sustainability, with an emphasis on innovation in the premium electric vehicle market.