Comments
Indian electric three-wheeler maker, Euler Motors' aims to boost production to 1,000 units a month from 100 after its new plant in the outskirts of New Delhi starts operations in the current quarter, its chief executive said on Thursday.
The company is expecting its order book to swell to 15,000 units by the end of FY23 from over 9,000 currently, buoyed by strong demand, Euler CEO Saurav Kumar said.
Related Stories
EV sales continue to grow on a month-on-month basis
September 2022 records the highest-ever monthly EV registrationsEuler, which counts Flipkart and BigBasket among its customers, recently raised $60 million in a funding round led by GIC Singapore.
The Indian Government is also offering companies billions of dollars as incentives to locally manufacture EVs and their parts.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.