Qatar-based Al-Abdullah Group Invests USD 50 Million in EV Start-up Kabira Mobility
The company plans to build up the production potential of its electric bikes, introduce new products and augment sales structure throughout the nation.
March 20, 2023. By EI News Network
The indigeneous electric two-wheeler manufacturer proposes to build the production capacity of its electric bikes, introduce new products and enhance its sales infrastructure throughout the nation. The company presently has an installed production potential of 40,000 number of units a month at its Dharwad plant, Karnataka.
Al-Abdulla Group works in around 55 verticals throughout the Middle East, Latin America and North Africa. The investment in Kabira Mobility stipulates Al-Abdulla Group's developing interest in EV market.
Kabira Mobility and the Al-Abdulla Group declared that they will deploy INR 300 crore to establish a manufacturing amenity in Uttar Pradesh’s Jewar to serve to the North Indian market.
Presently, its main focus is on the electric bike segment and it is seemingly retain 30% market share in the vertical for the coming two years.
Furthermore, the company intends to join close to 70 dealerships in 2023 to proceeds the overall number of outlets to more than 100 mark.
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