Greaves Cotton NSE 0.53 % on Monday launched its first multi-brand EV retail store ‘AutoEVmart’ in Bengaluru, and said it will set up similar outlets in other cities in a phase-wise manner. The Mumbai-based diversified group had last week said it will enter the multi-brand EV retail business.
Greaves mobility business comprises Ampere Electric, which caters to both two-wheeler (e-scooters) and three-wheeler (e-rickshaw, e-auto and e-loader) segments. Within e-three wheelers, the company has a presence in e-rickshaws under the ELE brand and e-autos under the MLR brand.
Between Ampere Electric and Greaves, there are more than 600 retail stores in over 400 cities.
