Greaves Electric Mobility sells over 7,500 units in October
“The recently-launched Magnus EX is receiving positive response from the customers, therefore leading to more bookings and sales,” the company said.
“The recently-launched Magnus EX is receiving positive response from the customers, therefore leading to more bookings and sales,” the company said.
With the conclusion of this acquisition, Greaves Electric Mobility strengthens its position as one of the largest end-to-end players in the last mile mobility segment catering to 85% of the consumer demand.
Last July, the company announced its intervention with Noida-based Bestway with a 74% stake and added e-rickshaw as part of the portfolio offerings.
Ampere said this acquisition reflects its agility and commitment to responding to the emerging needs of its 3W customers for disruptive and cost effective products that enhance daily savings and transform ease of driving with emission-free and noise-free vehicles.
The company said Ampere scooters are being used extensively during this second wave of COVID-19 for essential services including home deliveries facilitating a sustainable ecosystem.
The company said the Q4 growth was mainly owing to diversification and new business initiatives like e-mobility, aftermarket solutions, and non-automotive engines.
Prior to this, Mitra was president - engines business, at Greaves Cotton Limited.
Bestway sells e-rickshaws under the ELE brand.
Ampere Electric current offers models like Zeal, Reo Elite, V-48 LA, Magnus 60, Reo LA and REO Li.
Heading into the new year, ETAuto reads the mind of top CEO's to showcase their strategic path in 2020.
As the company claims, in his new role as chairman of the board, BVR Subbu, an automobile industry veteran and ex-President of Hyundai India, will steer the board to stay ahead of the complex challenges.
In Q1FY20, Greaves from its E-mobility subsidiary arm launched its first high-speed two-wheeler electric vehicle, Zeal, which has seen good traction from the marketplace.
Greaves has been a dominant player in the last mile transport segment with our range of diesel engines for a large number of Automotive OEMs.
The revenues stood at Rs 489 crore for the quarter ended September 30, 2016 as against Rs 473 crore for the quarter ended September 30, 2015
The company launched Mini Power Tiller (7 HP) & Paddy Weeder under its ‘Sampurna Swadeshi’ program
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