Greaves Retail brings its Multi-Brand EV Retail Store - AutoEVmart to Thiruvananthapuram

As a part of the retail strategy to create pan-India multibrand footprint, Greaves Retail, the retail arm of Greaves Cotton, inaugurated AutoEVmart, its multibrand EV retail store in Thiruvananthapuram on July 13, 2022. This is in line with Greaves' ongoing investment in various e-Mobility initiatives to create an unmatched EV ecosystem ranging from superior electric 2W/3W to affordable vehicle finance to national network of after sales and retail.

The store was inaugurated by Prince of Travancore, Sree Padmanabha Dasa Avittam Thirunal Adithya Varma. AutoEVmart aims to strengthen Greaves' commitment to transform last-mile mobility, reimagine the EV landscape and foster the vision of zero-emissions in India. EVs are witnessing a substantial boost in demand and Thiruvananthapuram is rapidly growing with favorable government policies and changing consumer mindset. The store will reach out to customers across B2B and B2C segments to accelerate clean mobility adoption. The store will offer EV vehicles from over 14 leading EV brands under one roof, to address the rising EV demand.

AutoEVmart will enhance the customer experience with product options ranging from e2W scooters, e3W and e-cycles along with quick service, financial assistance, provision of spares, and accessories, among others.

Commenting on the launch, Dr. Arup Basu, Deputy Managing Director, Greaves Cotton Limited, said, "We are excited to announce our first AutoEVmart store in Thiruvananthapuram today. With 'AutoEVmart', we are able to bring a range of electric vehicles in the last mile mobility space to discerning customers here in Kerala. It is an opportunity for us to accelerate EV adoption and weave the EV growth story for India with various product offerings tailored to suit every customer's needs and lifestyle."

AutoEVmart also offers vehicle financial and charging space at the outlet for a better consumer experience. Launched in September 2021, AutoEVmart is a unique multi-brand EV retail business segment by Greaves Retail. The retail store houses products from leading EV brands while bringing all EV-related products and services under one roof delivering choice, convenience, and a unique experience for the customers that can be enjoyed by friends and family.

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 156.00 as compared to the previous close of Rs. 157.90. The total number of shares traded during the day was 33671 in over 1058 trades.

The stock hit an intraday high of Rs. 160.50 and intraday low of 155.00. The net turnover during the day was Rs. 5301248.00.

Source : Equity Bulls

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