BikeWo Opens Multi-Brand EV Dealership Stores in Andhra Pradesh and Telangana
BikeWo, a Hyderabad-based company, has announced the launch of its multi-brand electric two-wheeler (e-2W) dealerships across India, starting with the states of Telangana and Andhra Pradesh. The company has appointed 25 dealers and opened 15 stores in various cities such as Hyderabad, Kurnool, Gadwal, Rajamumdhry, Nellore and Tanuku.
The stores will showcase and sell e-2Ws from various reputed EV brands such as Hayasa, EV Minda, One Moto, E-Motorad, Ekotejas and Battre, among others.
BikeWo has secured the exclusive rights to sell the e-2Ws of Hayasa and EV Minda in Telangana and Andhra Pradesh.
The company has an ambitious plan to expand its network of dealerships in the coming years. By the end of 2022, it aims to have at least 140 stores in Telangana and Andhra Pradesh and enter another 5-6 states in 2023. By 2026, it hopes to reach over 2,000+ dealerships in more than 20+ states across the country.
“Through our dealerships’ expansion, Bikewo ultimately aspires to be the distribution arm for all EV brands in India to provide 360-degree solutions to customers, which include choice of various brands and models under one roof, charging station, servicing infrastructure, accessories and spares, vehicle finance, warranty and insurance, etc.”Vidhyasagar Reddy, the Co-Founder of BikeWo, said .
He added that in the past, only one brand’s vehicles were sold by a showroom, but with the increasing demand and supply of e-2Ws in India, with over 300+ OEMs present, it is very difficult for all OEMs to have a profitable and scalable distribution network.
Moreover, the customer is also confused by the plethora of options available in the market. BikeWo aims to address these two challenges and problems through its stores.