Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Ampere Strengthening Footprint in Nepal with Introduction of Electric Two-Wheelers in Partnership with Kedia Organisation

Posted On: 2023-12-04 11:47:36 (Time Zone: IST)


Greaves Electric Mobility Private Limited (GEMPL), the electric mobility division of Greaves Cotton Limited, has announced its foray into the global market with the launch of its first showroom in Nepal in collaboration with the Kedia Organisation, a prominent business conglomerate. This strategic expansion marks a significant milestone in GEMPL's EV journey, expanding its reach beyond India's borders and addressing the evolving demands of the Nepalese market. The Kedia Organisation will be the exclusive authorised distributor for Ampere Electric two-wheelers' sales, marketing, distribution, and after-sales support in Nepal.

Ampere has unveiled its maiden flagship showroom in Teku, Kathmandu, and is set to establish multiple outlets and dealerships nationwide. The electric two-wheeler sector in Nepal has witnessed significant expansion recently, propelled by a growing consciousness of environmental sustainability and government support for electric vehicles. The allure of electric two-wheelers is amplified by Nepal's Himalayan terrain and escalating fuel expenses, solidifying the country's status as a prospective market for the electric mobility industry.

In the Nepal market, Ampere Primus, backed by Ampere Magnus, is the premier offering. Prioritising safety with its LFP battery pack, Primus delivers heightened performance through a PMS motor, belt drive, and a smart connected cluster for effortless navigation. It is the ideal electric scooter for customers seeking an optimal blend of style, performance, comfort, and reliability. In contrast, Magnus exemplifies top-tier performance and comfort, featuring an array of exciting features.

Speaking about the partnership, Mr. Sanjay Behl, CEO, Greaves Electric Mobility Pvt. Ltd., said, "We are thrilled to announce our foray into Nepal as a significant stride in our global expansion. Our commitment to sustainable mobility aligns seamlessly with the dynamic market in Nepal, and we are excited to launch our advanced electric two-wheelers. Partnering with the esteemed Kedia Organisation, a company with a legacy spanning over a century, reinforces our vision to make 'Har Gully Electric' and transform urban mobility."

Satyam Kedia, Managing Director, Kedia International, said, "Kedia Organisation and Greaves Electric Mobility are at the forefront of a new energy revolution in Nepal. Together, we are introducing a range of innovative Greaves electric two-wheelers, ushering in a new era of sustainable mobility in the country."

Founded in Nepal in 1909, the Kedia Organisation boasts a legacy of over a century, with a widespread presence in diverse sectors, including banking, finance, manufacturing, and trading. Ampere is committed to playing a crucial role in Nepal's ongoing transition to electric mobility through this partnership. Ampere is positioned to revolutionise the commuting experience for the citizens of Nepal and make a meaningful contribution to a more environmentally friendly future.

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 132.10 as compared to the previous close of Rs. 132.05. The total number of shares traded during the day was 30361 in over 580 trades.

The stock hit an intraday high of Rs. 133.50 and intraday low of 131.80. The net turnover during the day was Rs. 4022712.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

RailTel Corporation of India Ltd receives order worth Rs. 36.78 crores

Triveni Engineering & Industries Ltd. forays into IMFL segment

MAZAGON DOCK SHIPBUILDERS LIMITED declares interim dividend of Rs. 23.19

Oriental Rail Infrastructure Ltd receives order worth Rs. 1.11 crore

Systematix Corporate Services Ltd fixes Nov 5, 2024 as record date for 10 For 1 Stock Split

NHPC Ltd announces loss due to damage at Teesta-V Power Station

Gulshan Polyols Ltd allocated Ethanol supply order by OMCs

Choice Finserv to acquire NBFC and Loan Distribution Portfolios, AUM to increase by 75%

Firstsource to build domain-centric Large Language Model for the U.S Mortgage Business

ALT Digital Media Entertainment Ltd clarifies on web series - Gandi Baat

Imagicaaworld Entertainment Limited to reopen Aqua Imagicaa at Surat

Sonata Software wins Multi-Year AI-Powered Managed Services Contract from Fortune 500 Manufacturing Company

Triveni Engineering & Industries Ltd. Launched Premium and Super Premium Whisky Brands

MAZAGON DOCK SHIPBUILDERS LIMITED approves 2 For 1 Stock Split

John Cockerill India Ltd receives order from fellow subsidiary

EaseMyTrip and Cars24 joins hands to offer customers a chance to win a free car

Happiest Minds positioned as a 'Major Contender' in Everest Group's Cybersecurity PEAK Matrix® Assessment - North America 2024

50 years of CERELAC in India, announces the introduction of CERELAC no refined sugar recipes

Metacast Auto Pvt Ltd to commence business operations shortly

Ambuja Cements Ltd to acquire Orient Cement Limited

Advait Infratech Ltd is now Advait Energy Transitions Ltd

Spectrum Foods Ltd. Signs Non-Binding LOI With IHG for Pushkar Project

SBC Exports Ltd consolidated Q2FY25 profit at Rs. 5.36 crores

Swastika Investmart Ltd consolidated Q2 FY2024-25 profit up at Rs. 7.23 crores

TCC Concept Ltd posts rise in Q2FY25 consolidated PAT to Rs. 9.27 crores

Orbit Exports Ltd Q2 FY2025 consolidated PAT jumps to Rs. 15.99 crores

IIFL Securities Ltd Q2 FY2024-25 consolidated net profit higher at Rs. 205.05 crores

Max Financial Services Ltd reports consolidated net profit of Rs. 112.56 crores in Q2FY25

Prime Securities Ltd Q2 FY2025 consolidated profit rises to Rs. 17.20 crores

Ugro Capital Ltd Q2 FY2024 PAT climbs to Rs. 35.52 crores

Indus Towers Ltd posts consolidated Q2 FY2024-25 net profit of Rs. 2223.5 crores

Tokyo Finance Ltd Q2 FY2025 PAT at Rs. 10.20 lakhs

Can Fin Homes Ltd reports net profit of Rs. 211.48 crores in Q2 FY25

Shoppers Stop Ltd posts consolidated loss of Rs. 20.59 crores in Q2 FY2025

RO Jewels Ltd Q2 FY2025 profit at Rs. 8.22 lakhs

ICICI Prudential Life Insurance Company Ltd consolidated Q2FY25 PAT up at Rs. 250.99 crores

Gabriel India Ltd Q2 FY25 consolidated profit at Rs. 62.91 crores

Olectra Greentech Ltd Q2 FY25 consolidated PAT jumps to Rs. 47.56 crores

Vikas Lifecare Ltd Q2 FY2025 consolidated PAT at Rs. 2.38 crore

Osiajee Texfab Ltd consolidated Q2FY25 profit higher at Rs. 52.77 lakhs

Gujarat Mineral Development Corporation Ltd Q2 FY2024-25 consolidated net profit slips QoQ to Rs. 127.86 crores

Bajaj Finance Ltd consolidated Q2FY25 net profit rises to Rs. 3999.73 crores

Dynamic Cables Ltd Q2 FY2025 net profit higher at Rs. 13.85 crores

Cigniti Technologies Ltd posts consolidated PAT of Rs. 52.94 crores in Q2 FY25

Responsive Industries Ltd consolidated Q2FY25 net profit higher at Rs. 49.28 crores

Chennai Petroleum Corporation Ltd consolidated Q2FY25 loss at Rs. 633.69 crores

Jindal Hotels Ltd Q2 FY2024-25 loss at Rs. 1.43 crore

Royale Manor Hotels and Industries Ltd Q2 FY2025 profit increases QoQ to Rs. 40.31 lakhs

Choice International Ltd Q2 FY2025 consolidated PAT climbs to Rs. 46.45 crores

Bridge Securities Ltd Q2FY25 profit at Rs. 1 crore


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020