Ahmedabad-based Golden Arrow Wireless Pvt Ltd is the car manufacturer that aims to set the ‘Made in Gujarat’ cars in motion.
Prototypes of the model were demonstrated on the third day of Confederation of Indian Industry’s Auto Show 2014 at Mahatma Mandir in Gandhinagar.
Two models were put up at the expo, the sports and hatchback model, which will run through the streets of Gujarat if approved by Automotive Research Association of India. The models were built in the Aslali workshop in Ahmedabad.
The 4-seater family cars have been priced at Rs 4 lakhs and up, while the prices of the sports variant fall in between 15 and 25 lakhs.
The sports car body is made of carbon fibre and fiberglass whereas the family car has been built with carbon fibre-reinforced plastic and can reach up to a speed of 120 kmph. The cars can also run for up to 1,000 km on a single charge.
The cars were displayed at the expo alongside well-established names like Tata, Honda, BMW, Rolls Royce, Mahindra and Mahindra, Hyundai and Maruti Suzuki and featured the ‘Made in Gujarat’ banner that lured visitors.
The company is also presenting three battery variants for the green cars — lead acid batteries, lithium ion batteries and super capacitors.
Shashi Vyas, head of the manufacturing company, said that they have signed an MoU with the Madhya Pradesh government for setting up manufacturing plants, for which 100 acres of land have been allotted.
But he added that plans are underway to set up the plant in Gujarat, seeking 50 acres of land around Sanand or Mehsana.
The company is also hoping to roll out electric buses and autos, with funding expected to be raised from capitalists at the Vibrant Gujarat Global Investor Summit 2015.