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.
- 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