INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Scooters India hit upper circuit of 5 per cent on Monday after the state-owned company on Friday informed bourses about
its plans to venture into the electric vehicles (EV) segment, including bringing back the once popular Lambretta brand in electric
version.
The board of directors of the company at its meeting held on Friday took note of diversifying its product range in line with the
upcoming EV market in the country, Scooters India Ltd (SIL) said in a regulatory filing
The scrip jumped 5 per cent to Rs 37.80 in early deals
The company is in discussion with BHEL, NTPC, EVI Technologies, Murata Technologies, Japan Sun Mobility Xnrgi, USA for technology or
The company further said it intends to develop Vikram electric three-wheeler in both passenger and goods carrier segment.
The passenger
company said it planned to bring in Lambretta EV.
Scooters India also said it intends to develop electric four-wheeler of sub-two tons in
both passenger and goods carrier segments.
