Greaves Electric Mobility on Sunday introduced that it bought over 10,000 units of electrical autos in December 2021, with its e-three-wheelers clocking a 101 per cent progress in gross sales. The EV maker’s Ampere model noticed a report of nearly 6X progress in income in December 2021 as in comparison with the identical month final yr.
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During the October-December 2021 quarter, the corporate acquired a 100 per cent stake in e-3-wheeler firm ELE (e-rickshaws) and accomplished the acquisition of a 26 per cent stake in one other e-3-wheeler firm MLR Auto (Teja model).
The increased progress numbers for the corporate in December got here on the again of its current announcement of the launch of the EV Mega web site in Ranipet, Tamil Nadu. Spread in 35 acre, the plant is a component of the corporate’s ₹700-crore funding plan to extend its market share in the home EV house.
The plant has been constructed at a price of ₹700 crore and goals to supply 1.20 lakh units yearly. The facility will see 70 per cent of its workforce to be girls.
Besides this, the corporate’s not too long ago launched variant of massive household e-scooter – Magnus EX has additionally been gaining an elevated desire amongst shoppers, particularly amid the rise in petrol costs.
The Ampere Magnus EX affords greater than 100 km of vary on a single cost and comes with a sophisticated removable lithium-ion battery. “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,” the corporate’s Chief Operating Officer, Roy Kurian mentioned in an announcement.