BGauss Auto to invest Rs 40 cr to double electric two-wheeler manufacturing capacity to 2 lakh units per year

"This year we are targeting (to sell) around 80,000 to 1 lakh vehicles," BGauss Auto Founder and Managing Director Hemant Kabra said. Asked about investment on capacity enhancement, he said, "We will be investing close to around Rs 40 crore." In terms of funding, having raised Rs 52 crore in April this year, Kabra said, "At this point in time, we are adequately capitalised."

from Auto-Industry-Economic Times https://ift.tt/TPOX2Qn