Automotive Private Limited, an electric vehicle manufacturer, has announced 100
per cent acquisition of Stripes Motors Pvt. Ltd. which sells electric
2-wheelers under the popular Stripes brand in North-East India.
Motors is one of the fastest growing companies of electric vehicles in Assam
and North East India. They deal in electric bicycle and electric bike. The
brand is very popular amongst the young generation of Assam and North East due
to its stylish models and innovative designs.
Gupta, Founder & CEO, e-Ashwa Automotive, said, “North-East India is one of
the key target markets for e-Ashwa. With this strategic acquisition, e-Ashwa
will expand its operation and strengthened its foothold in North-East India and
expand its dealership network in order to provide affordable and smooth last
mile mobility for the people of North-East India. With this acquisition,
e-Ashwa will have access to three exclusive models of electric 2-Wheelers in
its kitty by Stripes Motors and thereby enhancing the bouquet of e-Ashwa
products to its customer with a wide variety of models and product ranges in
has also launched 12 different models of electric 2-wheelers last year and has
few electric 3-wheelers models under its own brand e-Ashwa. Under electric
3-wheelers, e-Ashwa has its own model of e-Rickshaw, e-Loader and e-Auto apart
from vehicles like e-Cargo, e-Garbage, e-School van and the like in the
the last four years, e-Ashwa has been selling EV products and has so far setup
26 assembly units at various parts of the country with 750+ team members from
technical and support function background including dedicated Research and
Development people. To date, it has sold over 18,000 EV products under
different categories - e-scooters, e-motorbikes, e-loaders, e-food cart to
e-garbage vehicles. It has assembly units in 16 states with a strong dealership
network of over 950 dealers across the country.
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