Greaves Electric Mobility, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, begins the new year 2022 with sales of more than 10,000 units in the month of December 2021- This includes both electric 2-wheelers and 3-wheelers segments.
Greaves Electric Mobility (formerly known as Ampere Vehicles Private Limited) has over thirteen years of experience in EV technology, designing and manufacturing electric vehicles. With a strong base of 100000+ customers & growing backed by comprehensive EV ecosystem support from Greaves, Ampere is pushing boundaries to create an affordable & sustainable ecosystem for clean last-mile mobility in India.
Greaves Electric Mobility strengthens its position as a market leader in both E-2W and E-3W segments, with Ampere reporting a record growth of almost 6X revenue growth in Dec’21 versus the same month last year and E3W business grew by 101% in volume terms.
Successful monthly results can be attributed to Ampere’s recent announcement of the launch of its EV Mega site, which is a testimony of customers’ trust & faith in the brand. Its fast-growing retail expansion with complete life cycle support for affordable & reliable rides is making it a preferred choice across varied customer segments- B2B & B2C.
The recently launched variant of comfortable large family e-scooter, Magnus EX, is also gaining increased preference amongst consumers. In the wake of the recent petrol price hike, consumers selected Magnus EX, which offers more than a 100kms range on a single charge with an advanced detachable lithium-ion battery.
Speaking on December month sales performance of EV business and overall how 2021 has been, Roy Kurian, COO, Ampere Vehicles said, “With Ampere, our e2W segment has achieved good success and December’21 sales performance is a testament of the same. Our recent launch of Magnus EX is gaining wide acceptance from customers across the nation.”
Q3 was significant from many perspectives for Greaves Electric Mobility with the company acquiring a 100% stake in electric 3-wheeler company ELE (e-rickshaws) and completing the acquisition of a 26% stake in another electric 3-wheeler company MLR Auto (Teja brand) along with the launch of Ranipet mega EV factory, one of the biggest EV factories in the country. Ampere vehicles have received significant demand in the market.
