Chennai: State-owned Scooters India has said it plans to venture into the electric vehicles (EV) segment, including binging back the once popular Lambretta brand in electric version.

The board of directors of the company at its meeting held on Friday took note of diversifying its product range in line with the upcoming EV market in the country, Scooters India Ltd (SIL) said in a regulatory filing.

It is in discussions with several companies, including BHEL and NTPC, for the venture.

The company further said it intends to develop Vikram electric three-wheeler in both passenger and goods carrier segment. Scooters India also said it intends to develop electric four-wheeler of sub-two tons in both passenger and goods carrier segments.

SIL said it already has a seven-seater Vikram-EV that has received approval from ICAT and an electric load carrier of 1,250 GVW.