The company, a wholly-owned subsidiary of Polaris Industries Inc, is eyeing to clock a total of Rs 5 billion revenue by 2016 from the Indian market.
Once we launch the electric cars, then we will decide whether it will be on the road or off-road vehicle. The products are ready for the international market. Issues like infrastructure, battery and other problems are there, Polaris India managing director Pankaj Dubey told reporters here Saturday.
The auto major has electric cars – Gem and Breeze – for the US and European markets. Dubey was in the city for the launch of the company’s all-terrain-vehicles (ATVs).
The company is looking at around 50 percent of its revenue from the utility car segment used in mining and industrial purposes.