Indian Electric mobility company Greaves Cotton has announced that the brand sold more than 5,000 units of its EVs in the Indian market in October 2021. This shows an 85% increase in sales numbers during Q2 FY2022. Greaves Cotton sells its electric bikes under the Ampere brand. The company also claims to be one of the leading players in the E-2W and E-3W segments. On 25th October 2021, they registered more than 5,000 units of vehicles in the electric vehicle segment. This includes the two-wheeler and electric three-wheeler combined, which have been sold. Furthermore, the brand anticipates a fruitful festive season which is likely to boost sales furthermore.
High Petrol Prices Lead To Jump in Electric Vehicle Sales
Recently, the price of fuel in India has skyrocketed. This has led to a rise in the adoption of electric vehicles. To put things into perspective, even if a vehicle is capable of returning a range of 50 km to a litre, the price of the fuel itself has crossed the INR 110 mark. This means to travel 50 km one needs INR 110 at the minimum. On the other hand, electric scooters are capable of traversing about 750 km with the same amount of money spent on charging. This not only saves money but also reduces the tailpipe emissions as well as the nation’s dependency on oil.
Greaves Electric Offers Various Finance Options To Accelerate EV Mobility
The brand has revealed that the company has joined hands with financial companies. These include Greaves Finance, HDFC Bank, Credit Fair, Shriram, Paytail, and SBI. Through Greaves Finance, its non-banking financial firm, the company wants to empower every individual with personal electric mobility solutions. This will allow the company to make the EV affordable for the common public and increase their adoption in the country. However, the brand is not just about retailing its EVs, Greaves Cotton over 7000 touchpoints and 12,000 mechanics on staff and a dedicated on-call support team.
CredR offers its customers genuine deals from second hand scootys to used sport bikes in India. The brand endeavours to offer a smooth platform for buying and selling used bikes through a genuine medium.
