Enigma Auto today launched three electric scooters in India, priced between Rs 28,500 and Rs 31,900 (on-road Delhi).
The company is also planning to introduce electric three and four wheelers in the future.
"With rising fuel prices, the demand for electric mobility solutions is rising day by day. We are expecting to sell 20,000 units of these three two-wheeler models in the first year," Enigma Auto Chief Executive Officer Arun Kumar Upadhyay told reporters here.
The company is importing about 50 per cent of the component from Taiwan, he added.
Upadhyay said the company is assembling the two-wheelers at a plant in Delhi that has an installed capacity of 100 units per day.
"We are setting up a new plant at Bhiwadi in Rajasthan at an investment of Rs 30 crore. The plant will have an installed capacity to roll out 500 units every day," he added.
Talking about new products, Enigma Auto Director Gulshan Batra said the company is conducting research work to develop three and four wheelers.
"We are planning to launch the three-wheeler next year. The development of four-wheeler will take some time and we may launch it in the next 3-4 years," he added.
The company currently has 18 dealers and is expanding it to 100 by the end of 2013.
They don't even seem to have their own website. Enigma Auto launches three electric scooters in India - The Economic Times