Mini Metro EV Launches Yugo with 325km Range and ₹70 Crore Investment Plan
Mini Metro EV LLP has launched the Yugo, an electric three-wheeler with a 325 km range, backed by a ₹70 crore investment. This strategic investment aims to expand manufacturing capabilities and enhance product offerings in Uttar Pradesh's automotive market.
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The launch of the Yugo marks Mini Metro EV's transition from a traditional e-rickshaw manufacturer to an advanced automotive player. The new electric vehicle features a 14kWh battery, a top speed of 50 km/hr, and includes technologies such as Hill Hold and Regenerative Braking.
To support this initiative, Mini Metro is executing a ₹70 crore investment plan, building on a previous ₹20 crore investment in 2023. This will enhance production capacity and support a growing product lineup, which now includes over 15 models. The company aims to establish itself as a leading player in the market, moving towards the standards of a mainstream automotive OEM, particularly following significant demand growth post-pandemic, leading to automation improvements in production.
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