Diversified firm Jaidka Group-backed Stella Moto announced its entry into the domestic electric two-wheeler market on Monday, saying it plans to launch its first electric scooter, ‘Buzz,’ next month.
The company is already present in the passenger and cargo (L3 category) electric three-wheeler (L3) segments. The Bengaluru-based Jaidka Group, which operates in the transportation, automobile, and logistics sectors, has two manufacturing plants in Howrah, West Bengal, and Hosur, Tamil Nadu, with a combined capacity of 20,000 vehicles per year. Stella also stated that it is considering introducing high-speed e-scooters and bikes, the details of which will be revealed in the coming months. These vehicles will be manufactured at the Hosur plant, according to the company.