{"id":8690,"date":"2021-12-14T20:44:36","date_gmt":"2021-12-14T15:14:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-eeve-india-investment\/"},"modified":"2021-12-15T10:12:52","modified_gmt":"2021-12-15T04:42:52","slug":"biz-eeve-india-investment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-eeve-india-investment\/","title":{"rendered":"EeVe India lines up Rs 1k cr investment to roll out new products, expand sales infra"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3819778920\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 14 (PTI) Electric two-wheeler maker EeVe India on Tuesday said it plans to invest up to Rs 1,000 crore over the next two years to roll out new products, set up charging infrastructure and expand its sales network.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3530413242\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company, which unveiled a high-speed electric scooter Soul on Tuesday, aims to garner a 10 per cent market share in the electric two-wheeler segment.<\/p>\n<p>The Indian electric two-wheeler market is expected to hit the 45-50 lakh mark by 2025.<\/p>\n<p>&#8220;We plan to invest up to Rs 1,000 crore over the next two years to roll out new products, enhance production capacity and sales infrastructure,&#8221; EeVe India Co-Founder &#038; Director Harsh Vardhan Didwania told PTI.<\/p><div class=\"trade-content_5\" id=\"trade-3387463818\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The investment will be funded through debt and other financial instruments, he added.<\/p>\n<p>The company would introduce two new products every year going ahead, he noted.<\/p>\n<p>&#8220;We have a legacy of 80 years in the mobility industry, with the largest operational manufacturing plant in the country. Last fiscal, we sold 15,000 units of our low-speed models and we are confident of achieving the target of another 50,000 units in the next two years,&#8221; Didwania said.<\/p>\n<p>For this, the company is working on strengthening and expanding its network from existing 150 dealers and sub-dealers to 300 and mark a pan-India presence, he added.<\/p>\n<p>\u201cThe recent disruption due to environmental compulsions, awareness and economic viability, the EV segment is set out for a complete transformation. So, as a company, we feel this is absolutely the right time for us to take a big stride forward, and drive the change to stay ahead of the curve,&#8221; Didwania noted.<\/p>\n<p>The company is also in the process of increasing annual production capacity at its Odisha-based plant from 3 lakh units per annum to 5 lakh units per annum.<\/p><div class=\"trade-content-10\" id=\"trade-1798609849\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The company currently sells six electric two-wheelers. The EeVe SOUL will hit the roads next year.<\/p>\n<p>The scooter can attain a top speed of 60 kmph and can cover a distance of over 120 km in a single charge.<\/p>\n<p>The e-scooter comes with various features like an anti-theft lock system, navigation system, USB port, keyless experience, reverse mode, central braking system, geo-tagging and geo-fencing. PTI MSS  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-3086141489\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 14 (PTI) Electric two-wheeler maker EeVe India on Tuesday said it plans to invest up to Rs 1,000 crore over the next two years to roll out new products, set up charging infrastructure and expand its sales network. The company, which unveiled a high-speed electric scooter Soul on Tuesday, aims to garner [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-8690","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EeVe India lines up Rs 1k cr investment to roll out new products, expand sales infra - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-eeve-india-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EeVe India lines up Rs 1k cr investment to roll out new products, expand sales infra\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 14 (PTI) Electric two-wheeler maker EeVe India on Tuesday said it plans to invest up to Rs 1,000 crore over the next two years to roll out new products, set up charging infrastructure and expand its sales network. 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