National, Aug 26, 2022
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Rakesh Krishnan, Head of Electronics Business Unit at Flipkart “Increasing automation coupled with smart charging have revolutionized the automobile industry today. EVs are fast becoming an emerging trend and gaining popularity in the Indian automotive industry. Committed to fostering and encouraging sustainable practices, we are thrilled to partner with Greaves Electric Mobility and bring an environment-friendly vehicle to our customer's doorsteps in an affordable and seamless manner. We are pleased to be the partner of choice for Greaves Electric Mobility to aid their vision in ensuring that EVs are deployed on a large scale in India”.
Magnus EX epitomizes best-in-class comfort and functionally superior performance with a host
of improved & innovative features. With an extraordinary mileage of 121 Kms per
charge (as per ARAI), innovative slanted cradle design, and high capacity 1200-
Watts motor, the Magnus EX promises a powerful, lean and efficient driving
experience. It also features super saver eco mode & peppier power mode for
versatile driving choices and comes in three exciting colors Metallic Red, Graphite
Black & Galactic Grey.
Greaves Electric Mobility (GEM) is the electric mobility business of Greaves Cotton Limited. GEM has
been in the business of EV technology, designing and manufacturing electric vehicles for the past 13
years. With a strong base of over 1.5 lakh (150,000) customers backed by comprehensive EV
ecosystem support from Greaves, GEM is pushing boundaries to create an affordable and sustainable
ecosystem for uninterrupted clean last-mile mobility solutions in the country. GEM has a strong
presence in both electric 2-wheelers and electric 3-wheelers segments. Under electric 2-wheelers,
Ampere is a fast growing e-scooter brand in the country with a strong presence in both B2C and B2B
segments while Bestway with ELE brand (e-rickshaw) and MRL Auto with Teja brand (e-autos) are the
other two fast growing businesses in the electric 3-wheelers segment. For more information, please
For more information, please visit: https://amperevehicles.com/ , https://ele3w.com/ , https://tejavehicles.com/
Greaves Cotton Limited is a diversified multi-product and multi-location engineering company with a
rich legacy and brand trust of over 163 years and has established itself as a key player impacting a
billion lives every day. The Company today manufactures world-class products and solutions under
various business units and is backed by comprehensive support from Greaves Retail Centers and
smaller spare parts retail outlets across the country.
For more information, please visit: https://www.greavescotton.com
“This press release may include statements of future expectations and other forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Ltd and its subsidiaries/ associates (“Greaves”). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our Directors, or any of our subsidiaries/associates assume any obligation to update any particular forward-looking statement contained in this release.”