Left Menu
Development News Edition

Avan Motors plans to launch one new product every six months


Startup electric scooter maker Avan Motors plans to introduce one new product every six months starting from this year, eyeing total sales of around one lakh units within three years, a top company official said. The company, which has a pipeline of six products, expects to introduce these in the market at a price range of Rs 45,000-80,000.

"In the year 2019 we have a plan to sell around 25,000 units pan India and in the coming 2-3 years we are targeting to sell one lakh per annum depending upon market," Avan Motors COO Hridesh Thakur told PTI. The company had recently showcased its six electric scooters equipped with lithium ion batteries with top speed of up to 45 kmph.

Elaborating the company's product launch strategy, he said:"We have plan of introducing one new product in every six month in price range of Rs 45,000 to Rs 80,000." The company has introduced its Xero+ high speed model. It will launch another model this month. With that, Thakur said Avan Motors will touch sales of over 1,000 units per month in next two months. He said the company has in-house R&D team for product development and also has collaboration with "global technology providers from the UK and Europe to focus on futuristic and innovative products".

Avan Motors has a manufacturing plant at Hinjewadi in Pune. Spread over 22,000 sq ft, the unit has a production capacity of 36,000 per annum on single shift basis. When asked if the company planned to have other plants, he said:"As the market grows, we will come with minimum three more satellite plants across various regions." Avan Motors has 25 touch points across India, and plans to reach 200 touch points by end of 2019, Thakur said.

(With inputs from agencies.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

Videos

Latest News

Australia to quarantine Wuhan evacuees on asylum-seeker island

Australia plans to evacuate its citizens from the epicenter of the deadly virus outbreak in China and quarantine them on an island normally used to detain asylum seekers, according to proposals unveiled on Wednesday. Prime Minister Scott Mo...

Zazie Beetz, Gal Gadot and Timothee Chalamet join list of 2020 Oscar presenters

The producers of the 92nd Academy Awards show, Lynette Howell Taylor and Stephanie Allain, have announced the list of additional presenters for the awards telecast. According to Variety, Zazie Beetz, Timothee Chalamet, Will Ferrell, Gal Gad...

BHEL charts strategic plan to address business challenges

State-run BHEL has kicked off a transformational strategy to address multiple business challenges including decline in its traditional market for thermal power equipment, disruptive technology developments, and increasingly stringent custom...

TiECon Mumbai 2020 the Decade of Startups - Kickstarting the Future

Mumbai, Maharashtra, India NewsVoir TiECon Mumbai 2020 Keynote Speakers focus on Innovation and technology such as Artificial Intelligence, Machine Learning, BlockChain. First time ever at TiECon Mumbai A startup Expo with more tha...

Give Feedback