EV maker Vegh Automobiles to expand across 12 states with 100 new retail stores

economictimes.indiatimes.com:

Vegh Automobiles has announced it plans to open over 100 retail stores across 12 states by the end of this fiscal year. Presently, the company has presence in Uttar Pradesh, Jammu, West Bengal, Odisha, Punjab, Haryana, and Assam. The company now plans expand into Delhi NCR, Rajasthan, Madhya Pradesh, Chhattisgarh and Chandigarh markets. The company plans to establish both company-owned operated outlets, as well as franchise stores. “We have recently raised $5 million in funding, which will play a crucial role in fuelling the company's ambitious expansion plans. The fresh injection of capital will be allocated towards strengthening the company's sales and service network, accelerating research and development efforts,” Pragya Goyal, CEO of Vegh.

The EV maker also plans to unveil two new scooter models and upgrade its existing S60 and L25 models. The company has a manufacturing facility in Bathinda, that has an annual production capacity of 60,000 units.