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Terra Motors Corporation, the Japanese electric vehicle maker is planning to sell 30,000 e-rickshaws in the Indian market by year-end on account of enhanced sales network and new product launches.
The company has launched ‘Y4Alfa’ priced at Rs 1.2 lakh (ex-showroom Delhi) and has expanded its electric-rickshaw range in the country and plans to invest around USD 5 million for expanding its production capacity and hiring more employees.
Teppei Seki, Terra Motors Country Director said that “India is the second largest producer of three-wheelers in the world. Hence, India is an important market for us. We plan to sell 30,000 units of e-rickshaws and 20,000 sets of Terra batteries by the end of this year.”
