Commercial electric vehicle company EKA, a subsidiary of Pinnacle Industries,
unveiled its first E9 electric bus on Saturday. Sudhir Mehta, chairman of EKA and Pinnacle
Industries said the company was talking to investors to raise Rs 500 crore for the bus project.
Pinnacle Industries got approval to launch electric vehicle manufacturing under the production linked incentive scheme and pledged to invest Rs 2 billion to establish an electric vehicle
manufacturing unit. Pinnacle has also received approval under the EV component manufacturing
scheme of the government’s PLI policy
Publication: Daily Array
