/India and Sri Lanka Electric Three-Wheeler market is expected to reach US$ 280.0 million in 2027 with a CAGR 9%
India and Sri Lanka Electric Three-Wheeler market is expected to reach US$ 280.0 million in 2027 with a CAGR 9%
The robotics industry is importantly observing the growth of this miniaturization trend, the demand for miniaturized devices in this industry would see a substantial boost in the near future, which, in turn will propel the growth of the Electric Three Wheeler market.
tipFebruary 24, 2021 18
The electric three wheelers market in India was valued INR 708,520.3 Lakh in 2019 and is projected to reach INR 1,910,845.7 Lakh by 2027; it is expected to grow at a CAGR of 29.61% from 2020 to 2027 The electric three wheelers market in Sri Lanka was valued INR 2,604.2 Lakh in 2019 and is projected to reach INR 8,624.7 Lakh by 2027; it is expected to grow at a CAGR of 33.4% from 2020 to 2027.
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Omega Seiki Mobility on Friday unveiled its refrigerated electric three-wheeler Rage+ Frost in collaboration with TransACNR for the last mile delivery, particularly COVID-19 vaccine, at the India Auto Show here. The all-new Rage+ Frost, which aims at providing 360-degree logistic solutions, will be available pan-India in a couple of months, the Anglian Omega Network company said in a release. The refrigerated carriage has purposely been designed for pharmaceuticals and food delivery, with the battery-powered vehicle having the capacity to store vaccines for 72 hours in a stationary state at a temperature as low as -20 degrees celsius, Omega Seiki said. The company in November last year announced partnering with air-conditioning and refrigeration solutions provider for buses and trucks Trans ACNR for design simulation, testing and product development of refrigerated containers for integration in two, three and four-wheeled electric vehicles.
India Business News: To boost electric mobility, the government aims to support through subsidies about 62,000 electric passenger cars and buses, besides 15 lakh electric
To invest ₹200 crore; M A M Arunachalam elected Chairman
Murugappa Group company Tube Investments of India has announced its foray into the electric three-wheeler segment. The board approved the manufacturing and sale of three-wheeled electric vehicles with an outlay of up to ₹200 crore, the company said in a communiqué to stock exchanges. The company declined to disclose any further details.
The company’s board, at its meeting on Thursday, elected M A M Arunachalam (53), also known as Arun Murugappan (non-executive, non-Independent Director), as the Chairman with immediate effect.
Q3 profit rises
The board approved the results for the third quarter ended December 31, 2020, when the company reported a standalone profit after tax of ₹107 crore compared to ₹78 crore in the same period a year ago. Its profit before tax (before exceptional items) rose 53 per cent at ₹145 crore (₹95 crore). The total revenue from operations for the quarter was higher by 34 per cent a