KETO’s e-autos are designed as per EU standards and come in three variants to cater to the various needs of the Indian customers
KETO, a joint venture (JV) between ETO Motors of India and Hong Kong-based KYTO Green Technologies, is planning to invest US$ 10 million in the next two years for manufacturing electric autorickshaw in India.
The investment will be used for setting up a new manufacturing facility, having a capacity to produce 50,000 units a year. In addition, the funds will be utilised towards research and development (R&D) of the product, KETO said in a press release.
KETO displayed its flagship product at 8th Eco-Friendly Electric Vehicles Expo, New Delhi, for the first time.
Commenting on the development, Balram Narayankar, Director of KETO said, “KETO is likely to invest US$ 10 million in the coming two years, and the funds will be utilised for setting up a new plant with a capacity of 50,000 units annually, and towards R&D of the product. Our focus is to make these vehicles accessible and affordable to all; so in addition to retailing, KETO is considering leasing options.”
Designed for Indian market
The company’s e-autos are designed as per the EU standards and come in three variants namely – Kyto 5, Kyto 3 and Kyto Cargo to cater to the various needs of the Indian customers. Kyto 5 and Kyto 3 are the passenger vehicles, with a capacity of five-seater and three-seater respectively. As the name suggests, Kyto Cargo is designed to for the purpose of carrying goods and collection of waste.
Grayson Richards, Managing Director, KYTO Green Technologies said, “Electric autorickshaws are a revolution in the public transportation and cargo sectors, and India will witness this change unfold across the country, starting today. Our vehicles are superior in performance and style and are designed from the ground up as electric vehicles by an expert team of automotive engineers.
Richards further said, “KYTO vehicles are eco-friendly and come with recyclable exterior panels. These technologically advanced vehicles maintain industry-best safety standards across all variants, and are equipped with high quality electronic control systems from the US.”
The e-autos of KETO would be available with features like automotive driver seat with three-point seatbelt and headrest, foamed rear seat having high back and two-point seatbelts for the safety of passengers and a steel rear bumper with collapsible crush structure to absorb low impact collision forces.
