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FASHION VALUE CHAIN

India’s leading commercial electric vehicle maker Altigreen today inaugurated its brand-new retail experience centre in Pune. This is the company’s eighth retail dealership in India in a span of 2 months. As per the company, the experience centre will allow EV enthusiasts to access Altigreen’s range of electric cargo vehicles. For the partnership, Altigreen opted to go with one of the most reliable and experienced names in the industry – Jubilant Motorworks. Currently, Jubilant Motorworks is the largest dealer partner for Audi and MG motors, with footprints in the states of Karnataka, Tamil Nadu,
Maharashtra, Goa, and Gujarat. The Altigreen Retail Experience Centre is located in
Hadapsar, Pune.

The Altigreen-Jubilant MotorWorks showroom in Hadapsar, Pune, was launched at the
hands of Mrs Rashmi Urdhwareshe, President at SAEINDIA and Former Director, ARAI.
With the launch of this retail dealership, Altigreen continues its commitment to providing its
consumers with an enhanced and never-seen-before experience with world-class and
modern infrastructure. Every element of the dealership has been designed to lend a
welcoming feel, especially to all those walking in, including autorickshaw drivers, small
business owners, and people from all walks of life. Altigreen has left no stone unturned to
ensure the dealership reflects the company’s ethos of respect and empathy, and its
endeavour to gain the trust of consumers through transparent dialogue. 

The Maharashtra State Government’s EV policy 2021 is aimed at accelerating the adoption
of BEVs in the state so that they contribute to 10% of new vehicle registrations by 2025. The
Government of Maharashtra promises to provide fiscal incentives, to the buyers of EVs in
the state. Also, Maharashtra is the only other state in India, after Delhi, that has a single
window approval mechanism for setting up charging infrastructure vital to commercial
viability. The new retail experience centre in Pune will help those making the transition to
EVs experience Altigreen’s range of offerings from up close.

Dr Amitabh Saran, Founder and CEO, Altigreen, said, “With the launch of this new retail
experience centre in Pune, we are steadily building a strong nationwide network to cater to
the rising demand for commercial EVs in the country. For now, Maharashtra is the only state
where we now have two retail experience centres. As a homegrown company, we take great
pride in delivering Made in India products. We are investing significantly to strengthen our
production and R&D capabilities while developing a robust pan-India distribution network to
offer the best and cleanest last-mile transportation. We are happy to continue our
partnership with Jubilant Motorworks, now in Pune as well, and deliver world-class products
in multiple vehicle categories.”

Speaking on the occasion, Mr. Amit Jain, CEO – Jubilant Motorworks Pvt Ltd. said, “It’s a
momentous occasion for us to partner with Altigreen in chiselling the future of mobility in
the country. We are aligned with the recent E mobility trends and already see a massive

potential driven by the nation’s agenda of electrification. We are extremely happy to be
able to introduce eco-friendly mobility and a sustainable future into our business fabric. We
introduce the full range of Altigreen’ s premium quality vehicles for the first time in Pune at
Jubilant Motorworks’ facility in Hadapsar.”
 
The Bengaluru-based company Altigreen is constantly ramping up its capabilities through
innovation and has aggressive expansion plans to widen its pan-India presence and cater to
the rising demand. Altigreen’s product offering is standing on four strong pillars: longest
range, largest volumetric capacity, highest ground clearance, and greatest torque. The
company’s commercial electric 3W offering neEV recently achieved the feat of completing
150+ kms intercity drive between two iconic places of Karnataka, i.e. Mysore Palace and
Bangalore Palace, on a single charge in about six hours. In addition, the company recently
announced a partnership to launch the fastest charged 3-wheeler while offering over 100
chargers in Bengaluru itself. The Vahan Dashboard of the Ministry of Road Transport and Highways has published a 330% YoY growth in EV sales in India. That number is just shy of five percent of total new vehicle registrations. In comparison, Norway crossed the tipping point in 2013. Today, EV sales
account for more than 83 percent of new vehicles sold in the country.

About Altigreen:
Founded in 2013, Altigreen (https://altigreen.com/)  designs, engineers and produces
Electric Vehicles for the last mile transportation segment. Altigreen’s Made in India / Made
for India products are specifically designed for Indian environment, roads conditions and
driving behaviors. Altigreen’s technology results in 3W Electric Vehicles that compete in
performance with Internal Combustion Engine (ICE) vehicles. Headquartered with a factory
in Bangalore, and with regional footprints across India, the company’s patent portfolio
spans over 60 countries with 26 patents granted, including 6 in the US. Global awards
received by Altigreen include those from WorldWide Fund for Nature, Niti Aayog, ARAI,
Economic Times, Elecrama, IoTNext, IDTechEx and more. Altigreen recently raised a Rs 300
Cr investment from Sixth Sense, Xponentia, Reliance New Energy, Accurant and Momentum.

About JUBILANT BHARTIA GROUP:
JMPL was incorporated in 2009, taking over the operations of Jubilant Enpro, as importers
of Audi cars in India. They started operations as dealers for the sales, service, and spares of
Audi cars in South and Western part of India. Currently, they are the largest dealer partners
for Audi and MG motors, with footprints in the states of Karnataka, Tamil Nadu,
Maharashtra, Goa, and Gujarat. They ventured into the pre-owned car segment with their
flagship brand, The Car Collective (TCC) which is present across two states and 5 cities.
Jubilant commenced its journey into electric mobility as dealer partners with world-class
brands, Altigreen propulsion labs and Ather Energy. Jubilant Motorworks pvt. Ltd is amongst
the most professionally run car dealerships in India, guided by their ethics and value system
which makes them preferred partners for global OEMs.