Meru Cabs looks to add 10,000 EVs to fleet, Sets course on B2B route
Shortpedia
Content Team
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Homegrown cab service provider Meru Cabs wants to keep its course in the B2B segment and doesn’t want to take the B2C route. The company plans to invest $10 Mn in technology and electric vehicles by 2020-end. Meru’s revenue dropped by 5-7 per cent during July and August, but claims a surge in sales in September. Mahindra which holds 55% majority stake in Meru had said it will focus more to increase the cab provider's fleet to EVs.
