The company has started constructing a factory in Chakan with a capacity to bring out 20,000 motorcycles in a year, the assembly line for which will be set up at a cost of Rs 6-7 crore.
Tork is the only full-fledged electric motorcycle maker in the country, while most of the other players in the space have focused on the scooter segment.
The motorcycle maker, which currently operates out of a four-floored facility in the industrial hub of Bhosari, will be targeting Pune and Bangalore for the initial launch. “All the electronics have regulatory approval. That takes care of the major approval requirements for the vehicle and the balance of the components will be certified as they start coming in,” Kapil Shelke, CEO, Tork Motors, said.
Shelke said the company will take the organic road to growth. “Instead of going all out, we will prefer to see the market reception and slowly build it from there,” Shelke said.
He said the factory would take 3-4 months to be built. “The assembly will start then. The company will give a touch and feel of the bike through the experience centres,” Shelke said.
The lithium-ion battery for the bike, he said, would be imported from a South-East Asian country and rest of the components will come from the about 200 suppliers that Tork has tied up with. “The T6X will have 90% local components,” he added.
Shelke said the company was drawing immensely from Bharat Forge’s experience and the research capabilities of the company. Bharat Forge had invested Rs 30 crore in Tork Motors for a 45% stake in the electric motorcycle maker.
The bike cost may go up a bit from the Rs 1.25 lakh the company had announced as Shelke said, “We have a vastly improved product now.”