New Delhi: EV maker Altigreen on Tuesday said it has opened its first retail dealership in Bengaluru.
C N Ashwath Narayan, Minister for Higher Education, IT-BT, Science & Technology, Skill Development, Government of Karnataka, said, “The concern for the environment has led people to increase their interest in electric vehicles. Not only this, the cost of fuel can also decrease substantially as all it needs are a few units of electricity.”
“As per reports I was going through recently, the worth of the electric vehicles market would be INR 475 billion by 2025. I congratulate Altigreen for opening its first dealership in the city. This dealership will make EVs more accessible to the people of Bengaluru and tempt them to transition from fossil fuels to Electric,” the minister said.
Amitabh Saran, founder and CEO, Altigreen, said, “In the B2B segment, the company is well-positioned to cater to the needs of large institutional customers and intends to take leadership positions. Altigreen further believes it is important to cater to the Market Load Operators (also referred to as the B2C segment) who contribute up to 80% of the overall market.”
“Going forward, we will continue to deliver the most advanced EVs best-suited for Indian cargo and passenger mobility needs. Dealer and Channel partners will be the catalyst for market expansion and enable our fast growth journey. We intend to expand to the top 40 cities in the next 6 months,” he said.
M P Shyam, Owner, Magnum Ventures, said, “It gives us immense pleasure to partner with a strong brand like Altigreen. We firmly believe the future of mobility is electric and we wish to champion this cause. With Magnum Ventures – Altigreen’s first retail dealership in Bengaluru, we are proud to display and sell Altigreen’s world-class products under one roof.”
Shyam has been an automobile dealer for over two decades. He is also the Secretary of Karnataka Auto Dealer Association. He is lso on the board of Ford World Global Dealer Council.
Altigreen has recently announced a partnership to launch the fastest charged 3-wheeler along with offering over 100 chargers in Bengaluru.
Read More:
Police sources said they were still working out which sections of the law could be invoked to issue a rear seat belt fine. In Delhi, the cops are invoking Section 194B (use of safety belts and seating of children) of the Motor Vehicles Act to issue a penalty of Rs 1,000 to people caught not wearing the seat belt at the rear.