MoneyWorks4Me

Greaves Cotton reports over 129% growth in retail sales of E-Mobility business in FY22

13 May 2022 Evaluate

Greaves Cotton has reported over 129% growth in the retail sales of E-Mobility business at 62,000+ vehicles for FY22, from FY21 of 27,000+ vehicles. Affordable pricing along with credible technology stack, safety track record and on-ground after sales support has made Ampere 2W scooters an attractive EV option for the discerning buyers across the country. The sales growth was helped by the abating Covid infections and rebounding consumer demand across sectors.

Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.

Peers
Company Name CMP
Cummins India 4871.00
Kirloskar Oil Engine 2040.65
Greaves Cotton 187.00
Swaraj Engines 3559.60
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