Greaves Cotton's e-mobility arm, Greaves Electric Mobility announced a 100% acquisition of Bestway Agencies Pvt. Ltd. (BAPL) which sells E-Rickshaws under the popular ELE brand. Greaves Electric Mobility will allow the business to expand its presence in every small town and city across the length and breadth of the country. Greaves Cotton announced higher electric vehicle sales in Q2 FY22 against Q2 FY21, and its E-mobility business recorded 111% revenue growth in the same period. The company added that it now has sold over 1 lakh EVs across India. Also, the October witnessed highest sales numbers at 5,000 units as on 25th October 2021. They have received over 5,000 enquiries for potential dealership opportunities from multiple towns and cities across the country.
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