Greaves Electric Mobility Pvt Ltd achieves record sales of its Ampere brand of two wheelers during the festive period

- Ampere brand of electric 2 wheelers registered never before sales of over 16500 units in the September-October 2022 festive months

- Ampere 'Go Electric' Fest, and an increased adoption of electric vehicles by customers are the key contributors for the surged sales during the festive season

- Witnesses' exponential growth in the states of Bihar, Chhattisgarh, Gujarat, Odisha, Punjab, Rajasthan and Chandigarh

Several factors contributed to these milestones. The recently concluded Ampere 'Go Electric' Fest, with attractive benefits & giveaways, easy financing options as well as corporate and B2B partnerships forged with several channels, including Flipkart, stimulated a surge in sales at a national scale, and enabled consumers to choose their preferred electric two-wheeler across India. As a part of an exciting contest, four lucky customers, from Punjab, Rajasthan, Telangana, and Odisha won a complimentary Ampere Magnus EX electric scooter. Customers also won other attractive gifts as well. The campaign not only stirred consumer sentiments on-ground, but also resonated with it target audience virtually, trending at #1 on Twitter on 20th October 2022.

Commenting on the record-breaking sales during the festive season, Mr. Sanjay Behl, CEO and Executive Director of Greaves Electric Mobility Private Limited (GEMPL) said, "As one of the earliest and longstanding entrants in the EV sector, Greaves has always committed itself to making last mile mobility a reality for the masses. The success is a testament to GEMPL's continuous endeavour to accelerate EV adoption, with not just best-in-class products, but also by creating an entire ecosystem that facilitates EV adoption through financing, retail, after-sales services and technology. It is truly a significant moment to witness the growth of electric two-wheelers across Tier I and Tier II cities as well, signalling that the future is indeed electric!

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 151.15 as compared to the previous close of Rs. 150.95. The total number of shares traded during the day was 110926 in over 1772 trades.

The stock hit an intraday high of Rs. 153.50 and intraday low of 149.40. The net turnover during the day was Rs. 16795830.00.

Source : Equity Bulls

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