SRIVARU Expands To Kerala, A Leading State In EV Adoption In India, With Innovative Joint Dealership For PRANA 2.0 Electric Motorcycles In Thiruvananthapuram
Portfolio Pulse from Benzinga Newsdesk
SRIVARU Holding Limited (NASDAQ:SVMH) is expanding into Kerala, India, with a joint dealership for its PRANA 2.0 electric motorcycles. This strategic move leverages local partnerships to enhance market reach and capital efficiency.
October 23, 2024 | 1:06 pm
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SRIVARU Holding Limited is expanding its market presence in India by opening a joint dealership in Kerala for its PRANA 2.0 electric motorcycles. This move is expected to enhance market reach and capital efficiency.
The expansion into Kerala, a leading state in EV adoption, through a joint dealership model, is likely to positively impact SRIVARU's market presence and sales. The strategic partnership with local dealers minimizes costs and enhances market penetration, which is beneficial for the company's growth.
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