Tuesday 18 June 2019
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business-standard - 7 days ago

22KYMCO unveils 3 products priced up to Rs 2.3 lakh

22KYMCO, a joint venture between 22Motors and Kwang Yang Motor Company (KYMCO), Wednesday unveiled three products which would go on sale in the country September onwards. The iFlow electric scooter is priced at Rs 90,000 while petrol powered Like200 and X-Town 300i ABS scooters are tagged at Rs 1.3 lakh and Rs 2.3 lakh, respectively (ex showroom). The company will roll out the models from its Bhiwadi (Rajasthan) based manufacturing plant which has an installed production capacity of 2 lakh units per annum. For us, India is one of our most important markets and we are very excited about entering India s thriving two-wheeler market to explore its promising market potential, KYMCO Chairman Allen Ko told reporters here. With the country s strong policy framework that encourages e-mobility in a big way, electric awareness and consumer interest towards e-vehicles in India are witnessing a paradigm shift, he added. Given the encouraging e-mobility environment here, we are certain that our

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