Home » India » KETO To Invest $10 Million To Make Electric Auto rickshaws In India

KETO To Invest $10 Million To Make Electric Auto rickshaws In India

Dec 22, 2018 | Emerging Trends, India

KETO is a joint venture between India's ETO Motors and Hong Kong-based KYTO Green Technologies. The company plans to launch three e-Autos in India - Kyto 3, Kyto 5 and Kyto Cargo.

KETO, a joint venture between India's ETO Motors Pvt Ltd and Hong Kong-based KYTO Green Technologies Limited, has announced an investment of $10 million in India to manufacture electric auto rickshaws. The company announced its investment plan at the ongoing 8th Eco-Friendly Electric Vehicles Expo in India. The company, which showcased its flagship product for the first time at the expo, said that it aims to launch its Electric Auto rickshaw variants in the country that includes - Kyto 3, Kyto 5 and Kyto Cargo, catering to different segments in the Indian market.

Commenting on the launch of Kyto and company's future plans, Mr. Balram Narayankar, Director of KETO said, "KETO is likely to invest USD 10 million in the coming two years, and the funds will be utilized for setting up a new plant with a capacity of 50,000 units annually, and towards research & development 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."

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.

The new Kyto 3 and Kyto 5 will be 3 and 5-seater passenger carriers, while the Kyto Cargo, as the name suggests, will be used for carrying goods and waste collection. KETO claims that that the vehicles will be stylish and upmarket in terms of looks and will provide a safer and more comfortable driving experience. The e-Rickshaws will also be high of safety, offers several segment-first features like - an automotive driver seat with headrest and 3-point seat belt, foamed rear seat with high back, and 2-point seat belts for passenger safety and a steel rear bumper with collapsible crush structure for absorbing low impact collision forces.

Talking more about the electric three-wheelers, Grayson Richards, Managing Director of KYTO Green Technologies Limited said, "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. 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 United States."
 Article Source : auto.ndtv

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*


Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Naspers Is Said to Eye Fintech Deals in $1 Billion India Push

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. According to a report in Bloomberg, citing people familiar with the matter, Naspers is looking...

Spain’s Puig makes India entry with investment

Spanish fashion and fragrance company Puig SL has marked its entry into India by picking a minority stake in private equity-backed Kama Ayurveda Pvt. Ltd. Puig will infuse Rs 100 crore ($14.4 million at current exchange rate) as part of the transaction and will have...



Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.