The EV maker’s Ampere brand recorded a nearly 6x growth in revenue in December 2021 as compared to the same month last year.
Updated: January 02, 2022 07:41:13 pm
Greaves Electric Mobility, a domestic manufacturer in the electric two-wheeler market in India, has announced that it sold over 10,000 electric vehicles in December 2021. At the same time, according to the data released by the company, there has been a growth of 101 percent in the sales of Greaves’s e-three-wheelers. The EV maker’s Ampere brand recorded a nearly 6x growth in revenue in December 2021 as compared to the same month last year.
Greaves Electric Scooter
70 percent work in the plant for women
According to the information received, during the October-December 2021 quarter, the company acquired 100 percent stake in e-three-wheeler company ELE (E-Rickshaw) and completed the acquisition of 26 percent stake in another e-three-wheeler company MLR Auto. Did. The company’s high growth numbers in December came after the recent announcement of the launch of EV Mega Sight in Ranipet, Tamil Nadu.
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The plant, spread over 35 acres, is part of the company’s Rs 700 crore investment plan to increase its market share in the domestic EV space. The plant has been built at a cost of Rs 700 crore, and aims to produce 1.20 lakh units every year. At the same time, the company has kept 70 percent of the work in this plant for women.
People buying Magnus EX fiercely
Apart from this, the recently launched Magnus EX, a variant of the company’s recently launched large family e-scooter, is also gaining popularity among the consumers, the Ampere Magnus EX offers a range of more than 100 km on a single charge. and uses a lithium-ion battery. Roy Kurian, the company’s chief operating officer, said, “Our e2W segment with Ampere has achieved great success and the December 2021 sales performance is an example of that.”
Also read: Glimpse seen during the testing of 2022 Husqvarna Electric Scooter, will get a range of 95km in a single charge
Source: Patrika : India's Leading Hindi News Portal by www.patrika.com.
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