New Launch11 Dec 2025, 07:11 pm
Autoline Industries Ltd. Diversifies into Electric Two-Wheeler Market and Starts Solar Power Supply
AI Summary
Autoline Industries Ltd. has announced its strategic diversification into the Electric Two-Wheeler market through its subsidiary, Autoline E-Mobility Pvt. Limited. The subsidiary has received accreditation from the Ministry of Heavy Industries under the brand name OXSTAR Z1 and OXSTAR Z-2. In addition, the company has started a 6.5 MW Open access Solar Power facility for its unit in Pune, which is expected to save up to 5.00 Crores per annum towards electricity expenses. This initiative will also protect the company from future electricity price escalations.
Key Highlights
- Autoline Industries Ltd. diversifies into Electric Two-Wheeler market through its subsidiary
- Subsidiary receives accreditation from Ministry of Heavy Industries under the brand name OXSTAR Z1 and OXSTAR Z-2
- Company starts 6.5 MW Open access Solar Power facility for its unit in Pune
- Solar power supply expected to save up to 5.00 Crores per annum
- Solar power initiative to protect the company from future electricity price escalations