From The Economic Times · PTI · · 40s
AutoMovers Group Plans Rs 500 Crore Expansion
AutoMovers Group to invest Rs 500 crore in network expansion and insurance growth.
In brief
AutoMovers Group to invest Rs 500 crore in network expansion and insurance growth. AutoMovers Group will expand its network and insurance business with Rs 500 crore investment to meet rising demand. Originally reported by The Economic Times.
Expansion Plan
AutoMovers Group plans Rs 500 crore investment over three years.
Key Investments
Rs 150 crore for workshops, Rs 150 crore for inventory, Rs 200 crore for Lucknow plant.
Service Capacity
New infrastructure will handle 300 vehicles daily.
Insurance Growth
Targeting Rs 1,000 crore insurance business by 2030.
Next Steps
Expansion starts in Lucknow before other cities.
The main idea
AutoMovers Group will expand its network and insurance business with Rs 500 crore investment to meet rising demand.
