Ultraviolette To Invest Rs Two Billion In Karnataka Plant
The company said the expansion plan envisages setting up a new production plant in the second phase with a capacity of 150,000 units annually, equivalent to zero point one five million (0.15 mn) units. The investment for the second phase has not been finalised and will be determined after assessment of demand and regulatory clearances. Ultraviolette indicated that the phased approach would allow scaling operations while managing capital allocation.
The firm indicated that the expansion is expected to bolster the local manufacturing ecosystem and to stimulate supplier development across the region. It said the phased investment would support production of its electric motorcycle models and enable closer integration with component suppliers. Company statements highlighted the role of the capacity increase in meeting projected market demand. The company noted that phased investment reduces execution risk and allows capacity to be matched with demand.
The first phase investment is intended to be implemented under the initial stage of the five-year plan, with detailed timelines and financial schedules to be provided as the projects progress. The firm clarified that further investment decisions will follow evaluation of the second phase requirements and market conditions. Officials signalled continued focus on scaling production while aligning with regulatory norms and industry standards. Stakeholder engagement and compliance with local regulations were cited as priorities during implementation.