E2W Startup Sokudo Electric Plans To Open 100 Flagship Stores By FY 2024-25
The company expects the new flagship stores to contribute around 60 per cent of its sales. Currently, Sokudo has two stores in Delhi
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Sokudo Electric India, an Indian electric two-wheeler manufacturing startup, has plans to open 100 flagship stores across India by FY 2024-25. The company will open 20 new flagship stores within six months across states like Delhi, Uttar Pradesh, and Maharashtra to expand its reach.
Each store will have a minimum area of approximately 1,500 sq. ft., with some locations exceeding 2,000 sq. ft. These locations will serve as exclusive showrooms for Sokudo products. The company expects the new flagship stores to contribute around 60 per cent of its sales by the end of 2024. With this planned expansion, Sokudo Electric aims to capture 5 per cent of India’s USD 681.3 million electric two-wheeler market size.
Prashant Vashishtha, CMD of Sokudo Electric India, expressed his thoughts on the latest expansion, stating, “Our new Sokudo flagship stores are a part of our long-term expansion plan through which we intend to boost our market presence. I am hopeful our strategic move will help us strengthen our market footing and allow us to help more consumers access high-quality electric scooters at an affordable price.”
For the new stores, the EV manufacturer selected locations with high demand for electric vehicles. These new flagship stores will showcase Sokudo Electric’s scooters and components, such as wiring, harnesses, and controllers, offering customers a complete brand experience. The flagship store will also feature riding accessories, including Sokudo Electric’s newly launched ISI-certified helmets.
Through this expansion, the electric scooter manufacturer aims to cater to the growing EV demand by offering a premium customer service experience and an efficient range of RTO and non-RTO electric scooters.
The electric two-wheeler manufacturer has recently established a 20,000 sq. ft. motor and controller plant to amp up its R&D activities and develop scooters with zero quality defects. Customers are likely to gain access to those new and affordable electric scooter models online and in these upcoming flagship stores.
