Gogoro Becomes First Foreign Two-Wheel Vehicle OEM And Battery Swapping Provider To Be Recognized By The Small Industries Development Bank Of India
Portfolio Pulse from Benzinga Newsdesk
Gogoro, a company specializing in electric vehicles and battery swapping, has been recognized by the Small Industries Development Bank of India (SIDBI), making certain Gogoro vehicles eligible for SIDBI's financial programs aimed at boosting electric vehicle (EV) penetration in India. SIDBI is a key financial institution established in 1990 to support the development of Micro, Small, and Medium Enterprises (MSME) in India.
November 29, 2023 | 7:39 am
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POSITIVE IMPACT
Gogoro's recognition by SIDBI could lead to increased sales and market penetration in India, as it becomes eligible for financial programs supporting EV adoption.
The recognition by SIDBI positions Gogoro favorably in the Indian market, likely leading to increased business opportunities and sales. This could positively influence investor sentiment and Gogoro's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90