Segway Plans Assembly Unit In India

Segway plans to open an assembly unit in India this year. The two-wheeled self-balancing electric vehicle maker plans to setup a plant in Gurgaon. Currently being sold through its Indian partner, Bird Group, Segway has already sold 200 units since the launch of the machine in April, 2010 and expects to reach 500 units by the end of this year. The all surface vehicle sells for Rs. 4 lakhs with a top speed of 25kmph. With local assembly, the prices are set to come down as Segway will enjoy VAT exemption on the personal mobility vehicle. Segway will be available through 30 outlets by the end of 2011.