Revamp Moto onboards Panache as their contract manufacturer to assemble its Electric Vehicles with an annual capacity of 150,000 vehicles
Nasik, October 31, 2022: Modular Electric Vehicle (EV) manufacturer, Revamp Moto, today announced Panache, a reputed public limited organization specializing in design, manufacturing, distribution and services of ICT & IoT devices as their Contract Manufacturer for EVs. Through this alliance with Revamp Moto, Panache will make its foray into the Indian EV market and will assemble indigenously made in India EVs for Revamp Moto at its facility in Bhiwandi, Mumbai.
This new association will see Revamp Moto showcase a strong concept of modularity in EVs that can be a game changer in the EV ecosystem of India. Panache will support this effort by bringing to the table, two decades of experience in contract manufacturing. This will benefit Revamp to assemble and build EVs that highlight the revolutionary concept of ‘Modular Utility Platforms’ which are made with the motto of ‘built to adapt’.
Speaking on this association, Jayesh Tope, Co-founder and Managing Director, Revamp Moto, said, “We are seeing a huge demand for our vehicles in the market. With a production capacity of 150,000 vehicles per year, this partnership with Panache will enable us to fast pace the delivery of our vehicles to customers. We are confident about Panache’s manufacturing competence and this strategic move will help us focus on indigenously designing better products for India and the world.”
Commenting on the same, Mr. Amit Rambhia, Chairman and Managing Director, Panache Digilife Ltd, said, “Revamp Moto’s bold and innovative approach to designing and building electric vehicles that have yet to be seen before in the country make them the ideal partner for Panache. With this association, Panache makes its entry into the world of electric mobility and also advances our expertise in providing contract manufacturing solutions. We are delighted to be working with Revamp Moto and will look to combine our efforts to shape the future of mobility not just in India but with products that are ‘Made in India’ for the world.”
The association will see each party focus on building their own strengths with Revamp Moto working on new product development (NPD), Research and Development (R&D), new technologies, and generating IPs. This leaves Panache to focus on quality product assembly, process optimization, and indigenization of components. This union will see both Revamp and Panache focus on specific domains to indigenize EV manufacturing and the assembly of these products would not just bring a great deal of transparency but also speed up the process significantly.
For more information, please visit: https://www.revampmoto.in and https://www.panachedigilife.com