user profile

New User

Connect with Truck Junction

e-Ashwa Acquires Two-Wheel Electric Vehicle Firm- Stripes Motors

Posted On : 28 July, 2022

According to an official statement, due to this acquisition, E-Ashwa will have exclusive access to three exclusive models of electric 2-wheelers in its pocket manufactured by Stripes Motors. Thereby enhancing the bouquet of E-Ashwa products to its customers with a wide range of models and product ranges in electric vehicles.

e-Ashwa Automotive Private Limited today announced that it had purchased 100% ownership in Stripes Motors Pvt. Ltd., which sells electric 2-Wheelers under the well-known Stripes brand in North-East India.

“With this strategic acquisition, e-Ashwa will expand its operation and strengthen its foothold in North-East India and expand its dealership network in order to provide affordable and smooth last mile mobility for the people of North-East India.” said Vikas Gupta, Founder & CEO of e-Ashwa Automotive, in response to the acquisition.

By acquiring Stripes Motors, e-Ashwa will gain access to three exclusive types of electric 2-Wheelers, expanding the variety of e-Ashwa products available to its customers with a wide range of models and product lines in electric cars, Gupta added.

Last year, e-Ashwa also introduced 12 distinct electric 2-wheeler models, offering a few electric 3-wheeler models under its name. In addition to vehicles like the e-Cargo, e-Garbage, e-School van, and similar ones in the 3-wheelers verticals, e-Ashwa has its model of the e-Rickshaw, e-Loader, and e-Auto within the category of electric 3-wheelers.

E-Ashwa has been selling EV goods for the past four years and has so far established 26 Assembly units across the nation with 750+ team members with backgrounds in technical and support functions, as well as devoted Research and Development personnel.
 

Are you looking to buy or sell a new truck or a used truck, get a truck loan, Select your truck according to category and other facilities Truck Junction with just one click and download the Truck Junction Mobile Application to know the latest news related to the truck industry.

Follow us for Latest Truck Industry Updates -
Facebook  - https://bit.ly/TruckFB
Instagram -  https://bit.ly/TruckInsta
Youtube    -  https://bit.ly/TruckYT

Category

Popular News

Similar News

Tools For Help

Call Back Button Call Us