Greaves Electric Mobility sold over 7500 units in October

MagnusEX launch sees positive response with demand from across the country
Larger contribution from the high-speed segment

Greaves Electric Mobility, the E-Mobility arm of Greaves Cotton Limited and one of
the market leaders in the E-2W and E-3W segments, reported today that sales increased to over 7500 units in
October. The month-on-month increase in sales demonstrates brand acceptability and demand. Here, sizeable
demand is emerging from non-metro regions.

The recently launched Magnus EX is receiving positive response from the customers, therefore leading to more
bookings and sales. Magnus EX model has an extra range of up to 121 kilometers, with one charge providing three
days of comfortable running. Not just the product sales, the company is experiencing uptick in the dealership
inquiries- Greaves electric mobility has received over 5,000 inquiries for potential dealership opportunities from
multiple towns and cities across the country.

Greaves is consciously developing an ecosystem of choice, convenience, and experience. The company is aiming to
provide the best experience and help customers move ahead to fulfill their dreams while meeting smart everyday
mobility requirements in a more sustainable manner. These products will include e-scooters, e-cycles, e-autos, e-
loaders and e-rickshaws and retrofitted accessories for both personal and commercial use- because of the heavy-
duty and durable vehicles, a large portion of B2B customers is choosing brand’s products. Greaves currently has an
unmatched retail footprint with nearly 7000+ touch points, 12,000 mechanics on staff, and a dedicated on-call
support team to meet the demands of EV consumers. Furthermore, Greaves Finance, the company’s non-banking
financing arm, is working to provide personal electric mobility options to every individual.

Filed in: Auto, COVID, green initiative, Logistics, Road Tags: ,

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