Hyderabad-based BikeWo has announced the launch of its flagship multi-brand electric two-wheeler dealerships across India, starting in Telangana and Andhra Pradesh. As part of this, the company today named 25 dealers and unveiled 15 concession stores; their newly opened concession stores are located in Hyderabad, Kurnool, Gadwal, Rajamumdhry, Nellore and Tanuku. Some of the renowned e-2W EV brands that BikeWo has partnered with for the display and sale of electric vehicles in its showrooms include Hayasa, EV Minda, One Moto, E-Motorad, Ekotejas and Beat, among others. Notably, in the states of Andhra Pradesh and Telangana, BikeWo is the only company to have acquired the exclusive rights to sell 2W electrics from Hayasa and EV Minda.
In addition, BikeWo also simultaneously announced ambitious plans to expand its multi-brand dealership model in the months and years to come. By the end of the current year, i.e. 2022, BikeWo plans to open at least 140 stores in Andhra Pradesh and Telangana. Thereafter, they plan to aggressively enter and expand to 5-6 more states in 2023, while naming over 500 dealerships by the same year end. While by 2026, BikeWo aims to cross over 2,000 dealerships nationwide in over 20 states.
Speaking on the occasion, Mr. Vidhyasagar Reddy, co-founder of BikeWo, said, “At BikeWo, we are delighted and proud to launch our new concession stores in Andhra Pradesh and Telangana; this is our first step in building a national presence with BikeWo flagship stores. Through the expansion of our dealerships, Bikewo aspires to become the distribution arm for all EV brands in India to provide a 360 degree solution to customers which includes the choice of different brands and models under one roof. , charging station, maintenance infrastructure, accessories and spare parts. , vehicle financing, warranty and insurance, etc.