New Delhi, Nov 18 (PTI) PG Electroplast on Monday said it has inked a pact to manufacture electric vehicles of Spiro Mobility.

The company through its wholly owned subsidiary, PG Technoplast, has inked a definitive agreement with Spiro, it said in a statement.

Also Read | Latest Government Jobs Notifications: ITBP Invites Applications for 27 Assistant Surgeon Posts, Apply Online at itbpolice.nic.in; Know Recruitment Process, Eligibility and Other Details.

The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for electric vehicles, lithium-ion batteries and related components, it said.

Spiro will be responsible for research and development, marketing, sale, and distribution of the EV products manufactured by PG Technoplast, it added.

Also Read | Shillong Teer Results Today, November 18 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

"The company's entry into EV and lithium-ion batteries manufacturing opens up a new horizon of growth for the company," PG Electroplast Managing Director (Finance) Vishal Gupta said.

With a partner like Spiro, the company is confident that both the companies will become a sizeable player in the EV market, he added.

The execution track record, coupled with management's professionalism and execution focus, inspires confidence that the association of PG and Spiro will bring mutual success to each other and expand the EV space in emerging markets further, Spiro Mobility CEO Kaushik Burman said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)