{"id":481787,"date":"2022-04-04T08:54:34","date_gmt":"2022-04-04T03:24:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=481787"},"modified":"2022-04-04T09:32:23","modified_gmt":"2022-04-04T04:02:23","slug":"demand-for-ev-bike-prompts-boom-to-pause-bookings-refund-some-customers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/demand-for-ev-bike-prompts-boom-to-pause-bookings-refund-some-customers\/","title":{"rendered":"Demand for EV bike prompts Boom to pause bookings, refund some customers"},"content":{"rendered":"<p>Tamil Nadu-based Boom Motors said it got 150,000 bookings&#8211;valued at more than Rs 1,500 crore&#8211;in four months for its EV bike Corbett: demand for the lesser-known brand marking the popularity of electric two-wheelers in India\u2019s smaller cities and towns.<\/p>\n<p>Demand was so high that the company stopped bookings and refunded some customers who are not within its service areas. \u201cWe are refunding money to those not within the visibility to deliver. Rather than booking for Rs 499, we are now going for only interest-based booking,\u201d said Anirudh Narayanan, chief executive officer of Boom Motors. The company will make an additional investment of Rs 350 crore under the government\u2019s PLI (production-linked incentive) scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tamil Nadu-based Boom Motors said it got 150,000 bookings&#8211;valued at more than Rs 1,500 crore&#8211;in four months for its EV bike Corbett: demand for the lesser-known brand marking the popularity of electric two-wheelers in India\u2019s smaller cities and towns. Demand was so high that the company stopped bookings and refunded some customers who are not within its service areas. \u201cWe are refunding money to those not within the visibility to deliver. Rather than booking for Rs 499, we are now going for only interest-based booking,\u201d said Anirudh Narayanan, chief executive officer of Boom Motors. The company will make an additional [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-481787","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/481787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=481787"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/481787\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=481787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=481787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=481787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}