Company has recently shared interesting data on state wise expansion:
Few Observations
- Growth has been very impressive and consistent
- FY21/22/23/24 = 58%/69%/50%/79%
- Mix has improved quite well. In 2020, business was dependent on just two state – Telangana and Karnataka contributing 64% and 22% of revenues
- Today, the revneue is broad based across Karnataka, Telangana, TN, Kerala and Andhra
Dealer Network Expansion
As per Annual Report 2024, this has come on the back of good dealer network expansion:
Based on this we can analyze dealer productivity:
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