The Italian company is selling around 52 cars in India and is enjoying market leadership in the super luxury segment, priced above Rs two crore.
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Revenue from operations rose to Rs 1,906 crore in the first quarter as compared with Rs 1,120 crore in the same period of the previous fiscal year
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Priced between Rs 99lakhs and Rs 1.17 Cr, the company is offering service plans, extended warranties with an 8year warranty of the battery pack, additionally company plans to install 100 chargers across the country in 75 key cities over the next few months
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Recently the Italian carmaker had achieved a sales record of delivering 4852 cars in the first six months of the year
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More than 1700 customized outlets reaching deeper in rural markets nearly 40% of the total MSIL sales come from rural markets.
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India has one of the lowest rates of farm mechanisation despite having a high dependence on the agriculture sector, making it a high potential market for the growth of the tractor industry
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A meeting of the duly authorised committee has approved for subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) E30-B Series of face value Rs 10,00,000 each aggregating up to Rs 500 crore
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The Carmaker says one-third of customer bookings are for the top of the range Signature Variant
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