Automobile Ancillaries

Automobile Ancillaries SAR Group to infuse up to Rs 1,500 cr in E-bike marketSAR Group is entering the electric two-wheeler market with its Lectrix brand with an investment outlay of Rs 1400-1500 crore.

The company sells electric scooters for the delivery segment and recently launched its first scooter for consumers.

The company has invested around Rs 300 crore so far in developing these models and setting up a manufacturing unit at Manesar in Haryana.

The Manesar plant presently can make up to 1,50,000 units a year. The company looks to ramp up to 150-160 outlets by the end of FY23.

The company also has partnered with a motor manufacturer who has a co-located motor manufacturing facility at its Manesar plant.

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