Mooshek Motors to Launch New Electric Vehicles in Car Segments to Revolutionize the Indian Market
17th October 2022- Mumbai
A paradigm shift from petrol or diesel-run cars to fully electric-run cars is being considered seriously by automakers and customers as it attempts to transition to alternative, less energy-intensive options. Making environmentally friendly choices with the increase in global warming and preventing climate change are essential as the World gets ready for Electric vehicles (EVs). One of the significant drivers behind India’s recent decisions to speed up the transition to e-mobility is the increase in prices for rising pollution, oil imports, and international pledges to battle global climate change.
One of the start-ups, Mooshek Motors, will soon launch new car ranges in the automobile industry. Mooshek will lead the way to the future of mobility, enriching lives in India with the safest, eco-friendly, leading-edge technology. The company aims to exceed expectations and be rewarded with encouragement through the commitment to high quality, innovation, and respect for the planet.
Promoad Shettie, Founder of Mooshek Motors, quips, “Atmanirbhar Bharat, an initiative taken by the Government of India, is a mission for all of us. India is dedicated to an aspirational goal of having at least 30% to 40% of private automobiles as EVs by 2030. Currently, the automobile industry adds around 7.1% of India’s Gross Domestic Product (GDP) and 49% of its manufacturing GDP, which to me, are good numbers. This means that India is poised to witness a significant impact on the nation’s economy and has the impetus to grow further.”
Before conceiving Mooshek, Promoad has worked with well-known OEMs in Japan for 14+ years and understands the importance of bringing “Diamond Quality” to the end products with his rich experience and management skills.
“A lot of work needs to be done to Make In India vision a reality while EV market is slowly and steadily gaining momentum. As far as my knowledge goes, there are around 13,92,265 EVs on Indian roads as on info dated in August 2022 (Ministry of Road Transport and Highways, India). I strongly feel by 2030, this will likely increase by 55–75 Mn EVs on the road. Post-COVID pandemic, Indians wish to travel in their vehicle, and I strongly feel that by 2030, the EV market will reach 10 Mn annual sales, growing at a Compound Annual Growth Rate (CAGR) of 49% between 2022 and 2030.” states Promoad.
India has already accomplished one of the benchmarks in the EV sector. The highway between Delhi and Chandigarh is the first in the nation to be made e-vehicle friendly by Bharat Heavy Electricals Limited (BHEL), successful commissioning 20 Solar Based EV Chargers. Other states need to adapt and transform and start thinking ahead of time. Country’s total number of charging stations climbed by 285 percent year over year in the financial year (FY) 2022; strong government measures are projected to accelerate the expansion to 4 lakh stations by FY 2026.
“In India, I understood the challenges OEMs face due to an overwhelming response from suppliers and their employees. I have adopted one of the best management and work cultures in Mooshek Motors that will solve not only industrial problems but also the key problem of the ‘work-life balance of employees. Apart from launching electric cars, we plan to launch Mooshek Mould, India’s first initiative to empower the supplier development chain. We envision this program to deliver new edge management solutions and break the silos. We want to emphasize building ‘Quality In India’ to improve the industrial standards,” Promoad announced.