Sep 19 2017 | India Opportunities

Scooters India to produce electric vehicle in next six months

Scooters India, a public sector automobile company is gearing to produce electric three-wheeler in the next six months. As of now the project is on the drawing board. The company is optimistic of even exporting three-wheelers to neighbouring countries. The company holds the majority of the market share in the 1+6 three-wheeler segment, under the brand Vikram. In 2013, the revival plan for the company was put into operation aiming to double the capacity to 48,000 units per annum. The government has already invested Rs 30 crore so far in the project. Now there are talks of disinvestment of Government stake in this company.