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“We have invested USD 650-700 mn in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that. To set up a swapping network pan-India, the investments will run into several billion dollars. We are not shy of making investments given the potential in the market here,” said Horace Luke, Global CEO, Gogoro.

“We have invested $650-700 million in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that. To set up a swapping network pan-India, the investments will run into several billion dollars. We are not shy of making investments given the potential in the market here,” said Horace Luke, Global CEO, Gogoro.

By Brenda Goh DAVOS, Switzerland (Reuters) - India's Maharashtra state on Tuesday signed a deal with Taiwan's Gogoro and automotive system maker Belri...

Maharashtra has signed MoUs for investment proposals worth Rs88,420 crore during the ongoing World Economic Forum (WEF) meeting at Davos.

By Brenda Goh DAVOS, Switzerland (Reuters) - India's Maharashtra state on Tuesday signed a deal with Taiwan's Gogoro and automotive system maker Belri...