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Another cheap electric car ? from Ajanta Clocks ?

Ajanta has been a renowned name as a Clock manufacturer, but its also been making electric scooters and bikes under ‘Oreva’ brand. As company says, Production of electric car is not difficult for us as the technology is almost similar and 70 per cent of its parts can be produced in-house, giving us an edge over the vehicle’s pricing.

Now, many car manufacturers are planning to make cheap cars say it the Nano effect.The Ajanta group is serious in its attempt to keep the basic price of the proposed car as low as Rs 85,000. At present, in the electric car segment only Reva car is available in India, which starts at around 4.5 lacs. So that will make the car cheaper than the tata nano.

Another player in the small car segment, the Rajkot-based Field Marshal group, is in negotiations with Australian company Farnow Technologies for a joint venture for a low cost electric car.