- Undertakes rapid retail expansion, adding 80 outlets post-Unlock
- Ampere commands 20% market share in the electric 2-wheelers segment, over 75000 happy customers
- Ampere has added significant B2B customers in last mile e-commerce deliveries
Mumbai, January 22, 2021: Ampere Electric, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd., strengthens its EV Dealership Network in the country with the opening of its 300th dealership outlet in Panvel, Maharashtra. With this, Ampere has undertaken rapid retail expansion in the country with 80 dealership outlets added since easing of lockdown.
Ampere Electric has launched a series of high-performing electric 2-wheelers in the last 18 months and has emerged as one of India’s most sought after EV brands with over 20% market share in the segment. It has added significant B2B customers in last mile e-commerce deliveries. B2C has also seen growth due to preference towards personal mobility over public transport.
According to a report by Research and Markets on ‘Industry Analysis and Growth Forecast to 2025 for India Electric Scooter and Motorcycle Market Research Report’ the sales of electric scooters and motorcycles are booming in India due to the rising pollution and the increasing provision of financial incentives provided by the government.
Speaking on Ampere Electric’s achievement of 300 dealership milestones, P Sanjeev, COO, electric 2-wheeler at Ampere Electric, said, “We are now a family of 75,000+ customers and 300 dealers in the country. With a host of financing tie-ups, aggressive digital push, and customer-friendly schemes we have evoked significant interest amongst the e-scooter and B2B buyers & channel investors across the nation. At Ampere, we remain committed to providing access to affordable & reliable e-mobility solutions, thus unlocking a higher value for commuters in the last mile mobility segment.”
To set the pace for further expansion of market share, the company has been strengthening its leadership and has also recently appointed Roy Kurian as COO, E-Mobility Business (2W&3W). Ampere Electric e-scooters come with affordable financing options, boosting consumer confidence in the adoption of electric scooters in the country. In order to strengthen the EV ecosystem, the company has taken several initiatives including partnering with multiple financial institutions for attractive EMI options, strengthened its online presence as demand on e-commerce is only going to increase in the future.
About Ampere Electric:
Ampere Electric Vehicles has over twelve years of experience in EV technology, designing and manufacturing electric vehicles. With a strong base of 75000 customers & growing backed by comprehensive EV ecosystem support from Greaves, Ampere is pushing boundaries to create an affordable & sustainable ecosystem for clean last-mile mobility in India. In the E-2W segment, Ampere is the fastest growing brand in India with a presence in both B2C and B2B segments. Ampere is a Greaves Cotton group company since 2018 and is leading Greaves’ last mile E-Mobility foray. More information at https://amperevehicles.com/
About Greaves:
Greaves Cotton Limited is a diversified engineering company and a leading manufacturer of Cleantech Powertrain Solutions (CNG, Petrol and Diesel Engines), Generator sets, Farm equipment, E-Mobility, Aftermarket spares and services. Greaves Cotton is a multi-product and multi-location company with a rich legacy and brand trust of over 160 years and has established itself as a key player impacting a billion lives every day. The company today manufactures world-class products and solutions under various business units and is backed by comprehensive support from 400+ Greaves Retail Centers & 6300+ smaller spare parts retail outlets across the country. In the mobility segment, the company manufactures 4 lakh plus engines annually, almost 1 engine per minute and provides low TCO mobility solutions to the majority of the population in India, moving more than 1 crore passengers and 5 lakh tonnes of cargo every day. Greaves Cotton augmented its clean technology portfolio in the last mile affordable 2W personal Mobility segment with Ampere Vehicles in 2018. www.greavescotton.com
