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eBikeGo, India subsidiary Vajram Electric acquires 40% stake in Varcas Automobile, electric two-wheelers manufacturer
On October 10, eBikeGo’s subsidiary, Vajram Electric Ltd, acquired a 40% stake in Varcas Automobiles Pvt Ltd, an EV manufacturer based in Hyderabad. With the acquisition, Vajram Electric Ltd aims to capitalize on Varcas’ manufacturing capabilities, which will enable it to scale up production and address the increasin....
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