Bengaluru's Tresa Motors Eyes Karnataka And Tamil Nadu For New EV Truck Plant With Multi-Crore Investment Plans

Tresa Motors, an original equipment manufacturer (OEM), specialising in medium and heavy electric trucks, has announced plans to invest Rs 500–1000 crore in establishing manufacturing and R&D facilities. Vinod K Dasari, the newly appointed Chairman of the Board, shared this information.

Vinod K Dasari, who has previously held leadership positions in companies like Royal Enfield and Ashok Leyland and served as President of SIAM, will be assuming his role as Chairman immediately.

The company is currently considering various locations for its manufacturing and R&D facility — with Karnataka and Tamil Nadu being the top contenders.

An official announcement regarding the chosen location is expected within the next 2–3 months, according to the Chairman's statement to Businessline.

Founded in 2022 by Rohan Shravan and Ravi Machani, Tresa Motors is a startup based in Bangalore.

The company specialises in industrial design, electric powertrains, and battery-related technologies.

It is currently focused on developing electric trucks in the 18- to 55-tonne GVW segment. The company recently unveiled its first vehicle — the Model V0.1 — on 3 July, 2023.

Tresa Motors' focus is on the 11-ton GVW segment, with no plans to enter the light commercial vehicle (LCV) segment. Their initial product will be an 18-tonne vehicle, as stated by the chairman.

The prototype of this product is set to be showcased in the first week of September.

Following that, the necessary homologation and paralleling processes will begin, with production estimated to take around two years. The first output is expected to be available by 2026.

Furthermore, Dasari emphasised the importance of developing commercially viable electric vehicles for the Indian market.

Tresa Motors is working on designing vehicles with options for overnight charging and fast charging, allowing for a distance coverage of 400–500 km on a single charge.

“We want to bring a medium-to-heavy electric vehicle that is truly Indian; we want to leverage the Indian talent.”, he stated, as per the BL report.

Currently, the company has a workforce of 40–50 employees. However, as their operations expand, they anticipate increasing their workforce to over 1,000 employees within the next two years.