25.08.2023 CNBC
- Will be able to recover Q1FY24 volumes over remainder of FY24, will try to exceed 30’000 units in FY24
- Focus is on regaining pre-covid monthly volumes of 3500-4000 units
- Selling 500-600 EVs monthly (L3 category; lead acid battery)
- Breakeven is achieved when they sell 2300-2500 vehicles monthly
- Awaiting FAME II certifications for L5 EV 3-W
- Petrol 3-W (developed during COVID) has been received well in export markets
- Exports will grow from 10% to 20-25% in medium term
Disclosure: Not invested (no transactions in last-30 days)