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Jindal Stainless enters e-rickshaw market, targets Rs 200 crore revenue

Company showcases stainless steel e-rickshaw prototype in Lucknow expo

E-rickshaw
premium

The stainless steel e-rickshaw is touted to have superior body and chassis compared to carbon steel units

Virendra Singh Rawat Lucknow
Steelmaker Jindal Stainless said on Thursday that it was eyeing Rs 200 crore revenue and a 25 per cent share of the growing e-rickshaw market in India over the next 2 years. The company is in talks with manufacturers to produce stainless steel e-rickshaws.

The company, part of the diversified Jindal Group, expects annual demand of 13,000 tonnes of steel from the sector by 2021.

The company today showcased India's first stainless steel prototype of an e-rickshaw on the third day of the 9th Electric Vehicles Expo in Lucknow to underscore its strategy to harness the e-rickshaw market in India.