The newly incorporated e2W brand, EVeium, announced that it has partnered with Reliance General Insurance. Under the partnership, the insurance company will exclusively provide motor insurance to all of the e2W company’s customers.
Aditya Reddy, VP, Marketing & Sales, EVeium, said that the company is strengthening its services and product portfolio from all facets.
Anand Singhi, Chief Distribution Officer, Reliance General Insurance, noted that the e2W penetration in India is expected to rise from 2% in FY21 to 10-15% by FY26.
Earlier this year, the brand unveiled its three products: Czar, Comet, and Cosmo. In the first phase of its operations, the company targets to manufacture 40,000 units, a press release from the company said.