Allen Ko, Chairman – KYMCO, announced setting up a manufacturing facility for 22KYMCO in Bhiwadi, Haryana. Equipped with an annual production capacity of 200,000 units, this facility will manufacture the iFlow, the Like200 and the X-Town 300i ABS completely at the plant. Over the next three years, the organization aims to build a strong pan India dealership network with 300 touch points.
Focused on the unique needs of the Indian market, 22KYMCO, the global new age mobility solutions provider, unveiled its electric two-wheeler range – the iFlow, Like200 & X-Town 300i ABS that will be available in India from September 2019.
|Product:||Price (on-road Delhi)|
|X-Town 300i ABS:||INR 2,30,000/-|
Speaking about the India market, Mr. Allen Ko, Chairman – KYMCO, said, “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. With the country’s strong policy framework that encourages e-mobility in a big way, electric awareness and consumer purchase intent towards e-vehicles in India is witnessing a paradigm shift. Given the encouraging e-mobility environment here, we are certain that our unified mobility solution is sure to ‘make it big in India’. Combining KYMCO’s 55-year old legacy in the automotive world with 22Motors’ expertise in the Indian market, 22KYMCO makes for a stronger team together. We look forward to an exciting journey that will shape India’s e-mobility revolution.”
Mr. Parveen Kharb, CEO and Co-Founder – 22Motors added, “22KYMCO realized that there is a significant need gap in the Indian two-wheeler market since customers are increasingly opting for premium high-end scooters, but the lack of options in the product category are driving scooter consumers away. Our range of offerings ensure that we have a product for every rider type on the street. The range of Maxi scooters will fill this need gap for this set of audience. Besides this, the dialogue on the electrification of vehicles in India has picked up pace like never before and electric vehicles are the future. All our actions are focused in the direction of building a strong electric mobility ecosystem in India and our customers continue to remain at the forefront of our strategy.”
The company provides customers with a smart, end-to-end and premium door-to-destination mobility solution package with an aim to build the Indian e-mobility ecosystem.