Greaves Electric Mobility Private Limited (GEMPL), the e-mobility division of Greaves Cotton Limited, achieved a cumulative secondary sales milestone of 200,000 units for its "Ampere" brand electric 2-wheelers till the first quarter of the fiscal year 2024. This achievement highlights Ampere's commitment to transforming urban transportation and promoting the adoption of electric 2-wheelers nationwide. In April, the Company announced surpassing the 100,000 sales milestone of its "Ampere" brand electric 2-wheelers in the fiscal year 2023.
Ampere has been at the forefront of India's electric vehicle revolution for the past few years, providing accessible and eco-friendly mobility solutions since its establishment. With a diverse product range that includes Zeal, Magnus, and Primus, Ampere caters to the specific needs of personal mobility and last-mile e-commerce customers. This milestone underscores Ampere's ability to deliver dependable, efficient, and affordable electric mobility solutions that address the requirements of a diverse customer base.
Speaking on this milestone, Sanjay Behl, CEO & Executive Director, GEMPL said,
"We are delighted to witness Ampere's exceptional success, solidifying its position as a leading electric scooter brand in India and driving widespread EV adoption. This accomplishment reflects our dedication to product excellence, customer engagement, and a strong sales network. As pioneers in the Indian EV industry, we remain committed to innovation and maintaining our role as industry leaders. Greaves Electric Mobility will introduce several exciting retail and finance schemes to commemorate this significant milestone in our quest to "Make Har Gully Electric" in India. We extend our gratitude to our valued customers and dealers for their unwavering support on our transformative journey towards a sustainable future.”
Ampere's exponential growth in the EV segment can be attributed to its diverse range of products and its extensive pan-India dealer network spanning across Tier 1 to Tier 4 markets. This strategically established network of dealers has played a pivotal role in delivering an exceptional customer experience, from pre-sales consultations to post-sales service and support. By providing a seamless and personalized experience, Ampere has successfully fostered a strong and loyal customer base that continues to expand steadily. The Company's unwavering focus on customer satisfaction and its commitment to building enduring relationships have been instrumental in its journey towards becoming a leading player in the electric mobility industry. Press Release
As Ampere moves forward, the Company remains committed to investing in research and development to strengthen its product lineup further and broaden its market reach. With a clear vision of fostering a sustainable future, Ampere is dedicated to playing a pivotal role in India's ongoing shift towards electric mobility.
Greaves Electric Mobility Private Limited (GEMPL), the electric mobility business of Greaves Cotton Limited (GCL), is a leading player in Electric Vehicle (EV) technology in India. With comprehensive support from GCL's EV ecosystem, GEMPL has been designing and manufacturing electric vehicles for over 13 years and has established a strong presence in the electric 2-wheeler and 3-wheeler segments. In the electric 2-wheeler segment, the 'Ampere' brand is a fast-growing e-scooter brand with a strong presence in both B2C and B2B segments. Furthermore, GEMPL's subsidiary and associate companies, Bestway Agencies Private Limited and MLR Auto Limited, are rapidly expanding businesses in the electric 3-wheeler segment. With a strong base of over 2.3 lakh satisfied customers, GEMPL is committed to creating an affordable and sustainable ecosystem that provides the country with uninterrupted, clean, and last-mile mobility solutions.
Greaves Cotton Limited is a diversified multi-product and multi-location engineering Company with a rich legacy and brand trust of over 163 years and has established itself as a key player impacting a billion lives every day. The Company is a leading name in Fuel Agnostic Powertrain Solutions, E-Mobility, Aftermarket, Retail, Engineering Services & Finance. The Company’s diversification strategy is driven by customer centricity and sustainability. It is one of the few companies that has successfully developed the complete EV ecosystem in India. Greaves is powered by the purpose to touch a billion lives by 2030 and enable them to make sustainable transition to clean mobility.
Greaves Cotton Limited, (CIN – L99999MH1922PLC000987) Unit No. 701, 7th Floor, Tower 3 Equinox Business Park, LBS Marg, Kurla West, Mumbai 400070. +91-022-41711700
“This press release may include statements of future expectations and other forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates (“Greaves”). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any particular forward-looking statement contained in this release.”
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