Noida, November 19, 2024
PG Technoplast Ltd, a wholly-owned subsidiary of PG Electroplast Ltd (PGEL), has announced a strategic partnership with Africa’s largest EV player, Spiro Mobility, to establish itself in India’s fast-growing electric vehicle market. This collaboration positions PG Technoplast as the exclusive manufacturing partner for Spiro Mobility in India, marking PGEL’s entry into the EV and lithium-ion battery segment.
Key Features of the Partnership
- State-of-the-Art Manufacturing: PG Technoplast will develop cutting-edge facilities for EV production, lithium-ion batteries, and key components.
- Defined Roles: PG Technoplast will focus on manufacturing, while Spiro will lead R&D, marketing, and distribution.
- Global Synergies: Leveraging Spiro’s expertise in Africa and adapting it to Indian market demands.
Leadership Insights
Vishal Gupta, MD (Finance) at PGEL, expressed that this partnership signifies PGEL’s dedication to pioneering India’s EV future. Spiro’s CEO, Kaushik Burman, emphasized PG Technoplast’s potential to meet the highest standards of quality and efficiency.
