Greaves Electric Sold Over 10,000 Units In December 2021

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The higher growth numbers in December came on the back of Ampere’s recent announcement of the launch of the company’s EV Mega site, it added

Greaves Electric Mobility, the e-mobility unit of Greaves Cotton, said it sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales a year ago.

Its sub-unit Ampere reported almost 6 times growth in revenue in December 2021 compared to the same month last year, it said.

The higher growth numbers in December came on the back of Ampere’s recent announcement of the launch of the company’s EV Mega site, it added.

Also, the October-December 2021 quarter was significant from many perspectives for the company. During the period, it acquired a 100 per cent stake in e-3-wheeler company ELE (e-rickshaws) and completed the acquisition of a 26 per cent stake in another e-3-wheeler company MLR Auto (Teja brand) along with the launch of Ranipet mega EV factory, it said.

“With Ampere, our e2W segment has achieved good success and December 2021 sales performance is a testament of the same. Our recent launch of Magnus EX is gaining wide acceptance from customers across the country,” Ampere Vehicles Chief Operating Officer Roy Kurian said.

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