Kabra Extrusiontechnik rises on subsidiarys battery supply deal with BGauss

17 Feb 2022 , 02:46 PM

Battrixx is the battery division of Kabra Extrusiontechnik (KET), which is part of the Kolsite Group. It provides a wide range of advanced lithium-ion battery packs with smart battery management system (BMS).

BGAUSS is a dynamic, stylish, premium-yet-affordable automobile brand and is part of RR Global, a prominent conglomerate in the electrical industry.

With this deal, Battrixx will be equipping 50,000 BGauss e-two-wheelers with its cutting-edge battery packs, thereby strengthening the companys resolve to power the growth of Indias transition to green energy storage and electric transportation.

Anand Kabra, vice chairman & managing director, Kabra Extrusiontechnik, said: ?Electric mobility in India continues to gain momentum with the EV two-wheeler industry seeing a 132% growth in sales last year. We are onboarding new customers each month and we are glad to associate with BGauss to power their high-speed e-two-wheelers which will enable a revolution in the high-speed two-wheeler space.?

Kabra Extrusiontechnik is Indias largest manufacturer of plastic extrusion machinery for last more than 4 decades and recently ventured into manufacturing of lithium-ion battery packs.

The companys consolidated net profit rose 50.77% to Rs 8.76 crore on a 69.94% increase in sales to Rs 105.36 crore in Q3 FY22 over Q3 FY21.

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