More on Electrotherm: plans Rs 100 cr investment on EVs

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whysosoon

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More on Electrotherm: plans Rs 100 cr investment on EVs

in response to

Electrotherm India to raise Rs. 300 crore through QIP

whysosoon

posted on Mar 05, 2008 03:57PM

http://sify.com/finance/fullstory.php?id=14616786

Chennai: Enthused by the market response for its battery-run YObykes, Electrotherm (India) Ltd is planning to invest at least another Rs 100 crore in its electric vehicles division Indus Elec-Trans.

According to Avinash Bhandari, Director-Operations, Electrotherm, the funds will be utilised for R&D to develop new models and for adding facilities in its plant at Kutch.

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