Ultraviolette to Invest Rs 200 Cr in Karnataka for Capacity Expansion

• Electric motorcycle maker Ultraviolette Automotive plans to invest Rs 200 crore in the first phase of capacity expansion in Karnataka.
• The company has a five-year investment plan to expand its manufacturing footprint, including a new plant with 150,000 units annual capacity in the second phase.
• Ultraviolette signed an MoU with the Karnataka government for the expansion during the ‘Invest Karnataka’ Conclave.
• CEO Narayan Subramaniam highlighted Karnataka's EV ecosystem, talent, and policy support as key factors.
• The current annual production capacity is 30,000 units, scalable up to 50,000 units.