Vegh Automobiles Plans 100 Retail Stores Across 12 States

Vegh Automobiles, an EV Start-up company is all set to open more than 100 retail stores across 12 states/UT’s by the end of the fiscal year 23-24 to accelerate growth and establish a dominant presence in the electric mobility sector.

Presently, Vegh has a significant presence in the states of Uttar Pradesh, Jammu, West Bengal, Odisha, Punjab, Haryana, and Assam. In line with its expansion plan, the company is now setting its sights on penetrating the states of Delhi NCR, Rajasthan, Madhya Pradesh, Chhattisgarh and Chandigarh with a series of strategically positioned retail stores.

Vegh's retail store expansion strategy encompasses both Company-owned and operated outlets, as well as Franchise-driven stores, showcasing the company's dedication to catering to diverse market segments.  The company is already in advanced discussions with leading distributors and dealers to strengthen and expand its network across these states.

Commenting on the company's expansion plans, Pragya Goyal, CEO of Vegh says, “We have recently raised $5 million in funding, which will play a crucial role in fuelling the company's ambitious expansion plans. The opening of 100+ retail stores in key states marks a significant milestone for Vegh, bringing us closer to our customers and expanding our reach to a broader audience. The fresh injection of capital will be allocated towards strengthening the company's sales and service network, accelerating research and development efforts, and cementing Vegh's position as a leading EV brand in India”.

In addition to expanding its retail presence, Vegh is all set to unveil two new high-speed scooter models, showcasing the brand's commitment to cutting-edge technology and customer-centric innovation. The company also plans to upgrade its existing S60 and L25 models to penetrate deeper into the market and cater to a diverse range of consumer preferences.