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."
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."
Disclaimer: No Business Standard Journalist was involved in creation of this content