Thursday, October 26, 2023

Korean company Daewoo has a license agreement to return to India


NEW DELHI: When a well known vehicle brand in India with models, for example, smaller than usual Matiz and Cielo car, Korea's Daewoo bunch is back in India, however in a totally different symbol.

The organization, which needed to stop the auto business over 10 years and-a-half back because of insolvency at its base camp, is currently back through a permitting game plan - however for items, for example, power and energy items, which would be circled back to purchaser gadgets and e-bicycles.

Daewoo has framed an essential organization with neighborhood dealer Kelwon Hardware and Machines, based out of Gurugram. Kelwon, drove by gadgets industry veteran H S Bhatia, who has recently worked for LG and Airtel in India, is the restrictive brand licensee for utilizing the Daewoo brand name for new product offerings in India.

Chan Ryu, overseer of Daewoo India Activities said: " In the underlying stage, we will present a scope of force and energy items, which would incorporate batteries for both four-wheelers and bikes, as well as inverter and sunlight based batteries. Moreover, we will offer different inverters and UPS frameworks, intended for both on the web and disconnected applications."

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