Basavanhalli says 2023 marks a new growth phase for Greaves
Greaves Cotton Limited has showcased six electric 2&3 wheelers at the Auto Expo 2023 in Greater Noida on 11 Jan 2023, saying it is a result of the Rs.1,500 crore investment commitment on ‘Make in India EV Ecosystem’.
Displayed at the expo included game changing e2w-Ampere Primus.
Significantly, Greaves Cotton announced it will leverage its decades of engineering expertise to manufacture powertrains as it aims to lead last-mile passenger and cargo mobility through a complete EV ecosystem stack.
Greaves’ Rs.1,500 crores to boost India’s EV ecosystem to include:
• Rich Electric Ampere Two Wheelers – Ampere Primus, the high-speed B2C e-scooter targeted at modern millennials along with Ampere NXG and Ampere NXU
• Futuristic Greaves Electric Three Wheelers – Greaves ELP, the passenger e3w; Greaves ELC, the cargo e3w; and Greaves Aero Vision, a futuristic cargo concept embodying performance and efficiency
• Powertrain to Power the EV Industry – To introduce motor-controllers and integration software to meet the emerging needs of the EV ecosystem
• Growth of Greaves Finance and Greaves Retail – Shared initiatives undertaken with multi-brand retail stores offering 15+ EVs, 50+ models, EV service and spares, in addition to EV financing for EV adoption across India.
Electric Mobility continues to see steep growth on the back of a collective global response to the climate crisis caused by fossil fuel use. Greaves Cotton has delivered a real impact on the sustainability front by helping save over 35 million liters of fuel through 1.3 billion+ electric km driven by the Company’s customers.
“Greaves Cotton is in the process of transitioning from a metal-based, manufacturing engineering company to an electric, electronic and mechatronics-based mobility technology company that is solving the 21st century challenges in clean and affordable last-mile mobility,” said Nagesh Basavanhalli, Executive Vice Chairman of Greaves Cotton Limited.
“The products and technology we have unveiled here, today, bear testimony to our purposeful stride towards emerging as India’s most complete EV ecosystem player.
“Each product, inspired by the Arctic Tern, epitomizes its sustainable spirit, aerodynamic efficiency for mobility and intelligent design. We are committed to help India transition to electric mobility while setting a new benchmark of scale, sophistication and diversity in the EV landscape.
“2023 marks a new growth phase for us, as we provide holistic, end-to-end solutions and empower lives.”
Announcing the Group’s foray in the electric powertrain business, Dr. Arup Basu, Managing Director of Greaves Cotton Limited, said, “The electric powertrain business is a natural progression for us, given our sound engineering legacy.
“For decades, we have been making in India and meeting the needs of our customers. With our in-depth knowledge of vehicle duty cycle expertise, we will meet the evolving needs in the mobility segment with the unveiling of electric powertrain technologies. It is exciting to be in this space with our EV technology stack.”
Greaves Electric Mobility Private Limited’s (GEMPL) portfolio of 6 new electric two and three-wheelers offer an enhanced design language, state-of-the-art technology and superior performance.
“With Ampere Primus, we will set a new benchmark in performance, comfort and elegantly styled products for the modern millennial commuters,” GEMPL CEO and Executive Director Sanjay Behl said.
“New concepts such as Ampere NXG, Ampere NXU, Greaves ELP, Greaves, ELC & Greaves Aero Vision will truly make Har Gully Electric. In FY24, we are prepared to further strengthen our dominant position in last mile passenger and cargo mobility.”
GEMPL is the electric mobility business of Greaves Cotton Limited and has been in the business of Electric Vehicles (EV) technology, designing and manufacturing of electric vehicles for over 13 years. fiinews.com
