SRIVARU Holding Limited announced that it is near completion of its new, state-of-the-art manufacturing facility in Coimbatore, India, which is expected to be fully operational in April 2024. Company expect the new manufacturing facility will initially provide the Company with the capacity to produce over 2,000 bikes per month, operating just a single shift and single line. The facility incorporates advanced automation systems, expected to significantly enhance manufacturing efficiency and operating margins.

The new facility?s production capacity has been designed to be able to be expanded with minimal capex requirements through additional lines and multiple shifts, which could support production of more than 50,000/units per year.