Godawari Electric Motors lines up Rs 100 cr over next 3 yrs for biz expansion
Godawari Electric Motors on Tuesday said it plans to invest Rs 100 crore over the next three years to develop new electric products and bolster its sales infrastructure across the country. The Raipur-based firm on Tuesday forayed into the electric two-wheeler segment with the launch of Eblu Feo tagged at Rs 99,999 lakh.
«We have invested around Rs 100 crore on the business so far.
Over the next three years we plan to invest another Rs 100 crore on new product development, enhancing quality and expansion of sales infrastructure, » Godawari Electric Motors CEO Hyder Khan told PTI.
He noted that with the launch of the Eblu Feo, the company now also plans to ramp up its sales network across the country.
«Wth the new product on the road, we will go all out now and will have 50 dealers by September-end. By the end of this fiscal we aim to have 100 dealers,» Khan said.
