Svitch MotoCorp to invest Rs 100 crore in electric bike project - Business News: Latest News & Videos about market and economy | Trendmergers

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Svitch MotoCorp to invest Rs 100 crore in electric bike project

The e-motorbike will be priced at around Rs 1.65 lakh on which a subsidy of Rs 40,000 will be given as per the government mandate, the company said in a statement. Svitch Bike, which started in 2019, currently has four bikes -- XE+,XE, MXE and the non-electric NXE -- in its product portfolio. These models are produced at its Sanand manufacturing facility in Gujarat.

from Industry-Economic Times
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