By designing EVs specifically for LMD operations, companies can optimise their vehicles for the unique requirements of this market, including the need for efficient, low-cost transportation of goods over short distances
The Rs 600 crores investment will result in ownership of between 9.97 per cent to 13.64 per cent for IFC in NewCo. NewCo will house the last mile mobility division, including three-wheelers (Alfa, Treo, Zor) and four-wheeler SCV (Jeeto)