EKA Mobility to invest ₹1,000 crore in R&D, expands capacity

Electric commercial vehicle maker EKA Mobility plans to spend ₹1,000 crore on research and development over four to five years, founder Sudhir Mehta said. The Pune-based firm opened six new plants in Maharashtra and Madhya Pradesh, raising annual capacity to 40,000 vehicles. It holds orders for over 11,000 buses worth $1.7 billion and wants exports at 20-30% of sales.