EV truck maker Tresa Motors to invest ₹500–1000 cr in manufacturing and R&D facilities - The Hindu BusinessLine

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Key Investment Plans

Tresa Motors, a manufacturer of medium and heavy electric trucks, will invest ₹500–1000 crore in establishing manufacturing and R&D facilities in India. The company is considering Karnataka and Tamil Nadu as potential locations, with an announcement expected within 2–3 months.

Company Overview and Leadership

Founded in 2022 by Rohan Shravan and Ravi Machani, Tresa Motors focuses on industrial design, electric powertrains, and battery technologies. Vinod K. Dasari, former executive at Royal Enfield and Ashok Leyland, has been appointed Chairman.

Product Development and Timeline

Tresa Motors is developing electric trucks in the 18- to 55-tonne GVW segment. Their first vehicle, the Model V0.1, was unveiled in July 2023, with a prototype set for September. Production is anticipated to begin by 2026.

Market Focus and Future Growth

The company aims to create commercially viable electric vehicles tailored for the Indian market, offering both overnight and fast charging options with a range of 400–500 km. Tresa Motors expects to grow its workforce from 40-50 to over 1000 employees in the next two years.

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