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Automotive Product Finder Magazine | Evolet plans to add 5 to 6 dealerships per month from FY 2020-21
Evolet plans to add 5 to 6 dealerships per month from FY 2020-21
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Owing to the fundamental shift towards a new competitive landscape, Evolet India, a Gurugram-based startup, is setting up its distributorship and dealership network for its range of electric vehicles models in Maharashtra region. It has recently unveiled its showroom in Mumbai.
The key cities identified for dealerships and distributorship in Maharashtra includes Mumbai, Pune, Nasik, Nagpur, Aurangabad, Satara, Kohlapur and Jalgaon.
The company envisages launching 20 dealerships by March 2020 with target sales of around 150 units per month per dealer.
Prerana Chaturvedi, Executive Director & CEO, Evolet, said, “The electric bike market is hotting up in the India’s second largest two wheeler market, with government giving push in the right direction for scalability of cleaner transport policy. Further technological advancements, investments in infrastructure and increasing consumer awareness are driving EV adoption in the state. The electric vehicle industry comprises just 1 per cent of the total vehicle sales and is dominated by two-wheeler segment in Maharashtra. This presents a good business opportunity for those who want to open electric two wheeler showrooms."
Evolet plans to expand its dealership network in Maharashtra by adding around 5-6 dealerships per month from FY 2020-21. The company is focusing on the cities where the two-wheeler traction is maximum with an intention to move up its sales target of 1000 units a month by the end of this FY.
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