Entrepreneur, investor and philanthropist BK Modi’s Smart Global Group has entered into the electric vehicle segment. The Group will launch e-buses and e-taxis with its Hong Kong-based partner BYD Company Ltd.
Modi’s company, Smart Global Group, has tied up with BYD to help bring world class technology to the country. “In an environment where development is being directed towards sustainable co-existence, I believe that this will be a highly successful project for the Smart Group,” said Modi, Founder and Chairman. Unveiling the e-bus, he said the group has already invested Rs. 200 crore in a factory in Singapore. In India, it has a plant in ModiCiti (Uttar Pradesh) and there could be more plants in the future.