· Sold 5000 units in October (as on 25th October 2021)
· Highest sales recorded in Q2FY22, volume growth by 85%
· With strong ecosystem multipliers such as easy financing choices, appealing products, and strong dealer support, we anticipate a more prosperous festive season
Greaves Electric Mobility, the E-Mobility arm of Greaves Cotton Ltd., and one of the leading players in the E-2W and E-3W segment, announced the rise in the sales numbers by 85% while declaring their Q2FY22 financial performance. Riding strong on customer support and extensive product line, the company is anticipating a prosperous festive season. It has sold 5000 units in October (as on 25th October 2021).
Acknowledging the uptick in demand and riding on the festive season the company is aiming to bring to customers its range of products for both personal and commercial use. Considering the distress with increasing fuel prices, EVs are the sort after choice for daily computers now. On an average in Rs. 112 a person can travel upto 50kms on a traditional petrol vehicle, whereas an EV can take you to 750kms. Understanding the scenario, Greaves also announced festive offers and easy financing solutions on various products to keep the momentum going. Pocket-sense is hitting hard on people looking for making a prudent choice and evaluating on an everyday basis from their available earnings.
The products as offered under Greaves Electric Mobility are capable of covering long distances and designed for comfortable driving experience. Electric Scooters are capable of catering masses including professionals and students. Smaller towns are quickly adapting to the change because they realise the importance of savings and sustainability Despite the harsh climate created by COVID limitations and the transition of manufacturing operations from Coimbatore to Ranipet, the company was able to sell a significant quantity of city speed scooters.
Recently the company has tied-up with institutions like Greaves Finance, HDFC Bank, Credit Fair, Shriram, Paytail and SBI. The partnerships are in line to make EVs affordable and in reach of a common man, to accelerate the adoption. Recently launched Magnus EX- a comfortable large family scooter, comes with an extended range of 121 kms (as per ARAI), with one charge leading to three days of comfortable running.
Roy Kurian, COO, Ampere Electric, said: “We sold over 5000 units in October, with a sizeable demand emerging from non-metro regions. Buoyed by strong sales, robust finance and after sales support, we are committed to accelerate India’s transition to EVs. The demand for EV is only going to multiply and as a leader in e-mobility, we recognize that building an ecosystem with the buyer at the center is important. We have witnessed significant growth in partners willing to join hands with us to expand our network.”
Greaves Electric Mobility is consciously developing an ecosystem of choice, convenience and experience. The launch of India’s first multi brand EV retail store – AutoEVMart, launching new variants and establishing strong financing and aftermarket support demonstrates that the brand is fulfilling the commitments towards its customers and the country. Greaves now has an unparalleled retail footprint of nearly 7000+ touchpoints, 12,000 mechanics on staff and a dedicated on-call support team to address the needs of EV buyers. Moreover, the company is striving to empower every individual with personal electric mobility solutions via Greaves Finance, its non-banking financial arm.