Automotive IndustryElectric VehiclesLatest NewsNews Snippets

EeVe India to Invest up to ₹ 1,000 Crore

Electric two-wheeler maker EeVe India plans to invest upto ₹ 1,000 crore over the next two years to roll-out new products and set up charging infrastructure. The investment will be funded through debt and other financial instruments.

EeVe will introduce two new products every year going ahead. EeVe also plans to expand its sales network from the existing 150 dealers and sub-dealers to 300 and mark a pan-India presence.

In FY 21 EeVe had sold 15,000 units of low-speed models and it targets of sell 50,000 units in the next two years.