Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
DEEP READAll arrow_drop_down
exit_to_app
Homechevron_rightEntertainmentchevron_rightIndo Wagen plans pan...

Indo Wagen plans pan India expansion

text_fields
bookmark_border
Indo Wagen plans pan India expansion
cancel

Kolkata: Three-wheeler battery-operated e-rickshaw manufacturer Indo Wagen plans to expand across the country by 2021, a top company official said.

Indo Wagen, a venture of city-based Zeniak Innovation India Limited, has its manufacturing plant in China and an assembly unit at Howrah in West Bengal.

"We are presently operating in nine states of the country. We plan to expand to 15 states in north and central India by 2020 and to 20 states by 2021", CEO of Zeniak Innovation Rajeev Kumar Srivastava said.

He told reporters here on Monday that Indo Wagen would also have 10 warehouses by March 2020, adding that the e- rickshaw industry in India is growing at a CAGR of 20 per cent.

Srivastava said that the e-rickshaws are providing employment to hundreds of unemployed youth and offer a clean and cost-effective mode for short-distance commuting.

Show Full Article
TAGS:
Next Story