e-Ashwa Automotive, an electrical two- and three-wheeler producer has introduced a brand new decentralised co-assembly idea, beneath which, the EV maker will enter into JVs with native companions.
The firm will enter right into a JV with with companions to arrange up meeting unit, and those who’re prepared to co-invest within the facility and act as a neighborhood operational companion of e-Ashwa. The native companion must take full administration of the manufacturing unit.
If a companion is prepared to enter a JV, e-Ashwa says it will present the correct to make use of the model title of e-Ashwa within the given territory, free approvals to fabricate and promote autos, and can present a vendor and distributor community amongst others.
At current, e-Ashwa Automotive says it has a presence of over 800 retail retailer networks throughout the nation. The firm launched its electrical autos in 2021 and at present has over 12 completely different lithium-ion fashions within the electrical two-wheeler phase together with scooters and bikes. Under its electrical three-wheeler vary, e-Ashwa has passenger and cargo autos.
Vikas Gupta, CEO & founder, e-Ashwa Automotive stated, “We are proud to announce this new concept of co-assembly unit every 100 kilometres in all the key markets. Currently, we have launched this concept in over 16 states of the country. This concept has helped people who shake hands with e-Ashwa to become entrepreneurs with the least risk and reasonably high rewards and has helped e-Ashwa in gaining exceptionally fast growth paths, better sales, after-sale service, repair and maintenance management.”
He added, “e-Ashwa intends to adopt this new concept in a few new areas where it proposes to enter in the near future and continue with the same decentralised Co-Assembly under joint ownership at multiple locations to challenge the traditional way of centralised mega manufacturing based at one location.”
The firm already has 26 co-assembly models in 16 states throughout India.
Source: www.financialexpress.com”