The EBITDA for Q1 FY23 stands at Rs. 266 cr with a growth of 81 per cent from Rs. 147 cr in Q1 FY22. Profit before tax for Q1 FY23 was at Rs. 159 cr as against Rs. 44 cr in Q1 FY22. PAT (MIL Share) for the quarter is Rs. 139 cr in Q1 FY23 as against Rs. 15 cr in Q1 FY22.
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HEID has strong will to create the largest battery swap network with more than 70 stations in Bengaluru in the following 12 months. Furthermore, based on the success in Bengaluru city, the service will be expanded to other major cities in a phased manner.
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Raw material and other input costs witnessed an on-going uptrend, thus impacting margins
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With this association, both organisations aim to build compelling value propositions for consumers.
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The company's revenue crossed Rs. 700 crore for the first time with a growth of 69 per cent YoY & Q1 EBITDA grows 102 per cent YoY.
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Exponent Energy in partnership with Altigreen has unveiled the fastest charging electric 3-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes.
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The batteries will be tailored to commercial vehicles such as trucks, buses, construction equipment and other electric drivelines.
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In India, after the implementation of the FAME II policy, the organised electric three-wheelers have grown significantly as it helps to reduce the high sticker price of 3-wheelers that run on Li-ion batteries.
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