Terra Motors aims to increase its sales volume by 200% from the previous year- 24,000 units (12,000 units sales forecast in FY2020).

BW Auto World posted “Terra Motors Announces 13% Hike In Sales For FY 20-21” on 23rd February, 2021.  

Terra has high expectations from the Indian market in which it aims to increase sales by 200 per cent this year. Thus, we will focus on dealer network expansion and easily available loan facilities. Moreover, we will source from local vendors and with the aim to achieve 100 percent localisation soon. To start with, Assam is one of the states that we are interested in investing in.

According to BW Auto World article, EV adoption in India is real and has started to spread even more with time. Subsequently, the three-wheeler segment will be adopted quickly followed by two-wheelers, electric buses and then commercial cabs.