08:59 AM EDT, 08/22/2024 (MT Newswires) -- Srivaru Holding ( SVMH ) said Thursday it has launched the Prana 2.0 electric motorcycle at an event in Chennai, India.

The company said it plans to increase production capacity to almost 10,000 units monthly by the end of this year.

Shares of Srivaru ( SVMH ) jumped 98% in recent Thursday premarket activity.

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