Mercury EV Tech Limited (BSE: 531357), a leading player in EV Industry engaged in the business of manufacturing wide range of electric vehicles, has announced that it has
received approval for manufacturing of “MUSHAK EV”, its Battery operated 4W Goods Carrier & N1. Mushak EV has Unbreakable body: – Ensures durability and safety, and is 100% Make in India. It is entirely manufactured within India, supporting local industries. Further, it is eligible for upcoming Government Subsidy. It qualifies for forthcoming subsidies from the government.
This marks a major step forward for the company and creates new pathways for revenue and expansion.
As a Market-Driven Product Launch, this is addressing consumer needs while driving business growth. Recently, the company was invited to a meeting at the Gujarat Chamber of Commerce & Industry (GCCI) with the Korea Smart e-Mobility Association (KEMA) delegation. The purpose of the meeting was to facilitate technology knowledge transfer between India and Korea for the development of electric two-wheelers and lithium-ion batteries. The meeting was attended by Mr. Deuk-un Lee, Chairman of KEMA and Chairman of HB e-Mobility; Prof. Jung-Suk Ryou, Chief Representative for India, KEMA; Mr. Su chang
Oh, Chief Representative for Indonesia, KEMA; and Dr. Im Ki Seo, Managing Director, KEMA. Officials of GCCI were also present. From Mercury EV Tech, Chairman and Managing Director, Mr. Jayesh Thakkar and Executive Director, Mr. Darshan Shah attended the meeting.
Earlier, the company inaugurated a new electric vehicle showroom in Bhavnagar.The ribbon-cutting ceremony was conducted by former Cabinet Minister and current MLA of the city, Shri Jitu Bhai Vaghani; MLA of Bhavnagar East, Smt. Sejal Ben Pandya; and the first citizen of the city, Mayor Shri Bharat Bhai Barad. The Mercury EV Tech showroom is now the new destination in Bhavnagar for ‘Make in India’ and affordable electric vehicles. From two-wheelers, three-wheeler passenger vehicles, loaders, rickshaws, to electric tempos, a new wave of change is set to sweep the streets of Bhavnagar