Sahara Evols: electric vehicles by Sahara Group
Sahara Group recently announced its entry into the automobile sector with plans of launching electric vehicles under the brand name ‘Sahara Evols’.
The Sahara business group plans to offer a wide range of electric vehicles (EVs) along with advanced allied services. The entry into electric vehicle business is a move to push adoption in Tier II and III cities.
About Sahara Evols
- Variants: Its product portfolio comprises variants of electric scooters, three-wheelers, motorcycles, and cargo vehicles. It will also introduce a network of battery-charging-cum-swapping stations.
- Coverage: Sahara Evols will start from Lucknow and will further establish its ecosystem in India’s Tier-II and Tier-III cities by the end of financial year 2019-2020 in a phased manner. The company will roll out its products and services pan-India in the next financial year (2020-2021).
- Features: The Sahara Evols electric vehicles are powered by dry lithium-ion batteries. Their cost of driving in an average can go as low as 20paise per kilometer (against driving cost of Rs.2 per kilometer on petrol vehicles). This will entail direct and substantial economic benefits to its users.
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
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