The company plans to ship 5,000 units of e-rickshaws in the fiscal to countries such as Ethiopia, Nigeria, Tanzania and Sudan in the CBU form.
20 Apr 2016 | 18461 Views | By Autocar Professional Bureau
Japanese electric two- and three-wheeler manufacturer Terra Motors is set to ramp up the exports of its India-made e-rickshaws to Africa.
The company plans to ship 5,000 units of e-rickshaws in the fiscal to countries such as Ethiopia, Nigeria, Tanzania and Sudan in the CBU form.
Terra has ...
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Japanese electric two- and three-wheeler manufacturer Terra Motors is set to ramp up the exports of its India-made e-rickshaws to Africa.
The company plans to ship 5,000 units of e-rickshaws in the fiscal to countries such as Ethiopia, Nigeria, Tanzania and Sudan in the CBU form.
Terra has sold over 3,500 e-rickshaws in India and has already exported a few hundred units to Nigeria and Tanzania. It has also supplied 1,000 units to Nepal, with exports constituting about 4-5 percent of total production.
The company has invested $2 million (Rs 12.63 crore) in establishing its operations in India. It plans to invest another $5 million (Rs 31.58 crore) in expanding capacity at its Gurgaon facility and locating a second production unit in the vicinity to further ramp up production as well as existing manpower. The Gurgaon plant has a production capacity of 2,000 units a month and has so far utilised 50 percent of the capacity.