
12/08/2023
Micromax, a popular Indian smartphone maker, is reportedly planning to enter the electric vehicle (EV) market.
The company is already renovating one of its offices in Gurugram to kick off work on the new project.
Micromax co-founders Vikas Jain, Rajesh Agarwal and Sumeet Kumar have incorporated a company named "Micromax Mobility", which hints at the company's next project.
It is unclear what kind of EVs Micromax will launch, but it is likely to start with two-wheelers. The Indian EV market is growing rapidly, and two-wheelers are the most popular type of EV in India.
Micromax could take advantage of its brand name and experience in the smartphone market to become a major player in the EV market.