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Ampere launches new electric 2-wheeler for Rs 68,999
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SME Times News Bureau | 16 Oct, 2021
Electric vehicle major Ampere Electric expanded its two-wheeler product
range launching a new model Magnus EX priced at Rs 68,999 (ex-showroom
Pune).
The lithium battery powered scooter price will further go
down when one takes into account the state government incentives for
buying an electric vehicle.
The model comes with a detachable
lightweight and portable advanced lithium battery for easy charge in any
five amp socket at home, office, coffee shop, or any plug-on-the-wall
charge point.
The vehicle comes with a three year warranty covering major aggregates.
"Customers
are looking for more affordable ways to travel as petrol prices heavily
dent savings of everyday 2W commuters. Magnus EX with its long distance
per charge enables users to do multiple trips and complete their work
and life goals easily," Roy Kurian, COO, Ampere Electric said.
The
13-year-old Ampere Vehicles -- a subsidiary of listed and diversified
engineering company Greaves Cotton Ltd -- is setting up an electric
two-wheeler plant in Ranipet in Tamil Nadu.
The new plant is
expected to roll out vehicles by the end of this year. Over a period of
10 years, the capacity will go up to one million and the total outlay
will be about Rs 700 crore.
"We will be going for platform-based
vehicle production which would reduce our costs. Further, the electric
two-wheeler production currently done in Coimbatore will be moved to
Ranipet," Nagesh A. Basavanalli, Managing Director and Group CEO told
IANS.
Simply put, a platform-based approach means having a common
frame/chassis on which different capacity motors/batteries can be
mounted and sold.
With Ampere Vehicles two-wheeler capacity set
to touch about one lakh units by the end of this year from the current
60,000 per year, a platform-based approach would mean having many common
components for different models.
Recently Ampere Electric had
signed an agreement to buy 26 per cent stake in electric three-wheeler
maker MLR Auto Ltd, Hyderabad on or before Nov 12, 2021.
The
company has the option to increase its stakes by another 25 per cent
(fully diluted basis) within a period of 12 months from the date of
closing of the initial acquisition of 26 per cent.
In 2020 Ampere
Vehicles bought 74 per cent stake in the Noida-based electric rickshaw
maker Bestway Agencies rolling out Ele brand vehicles.
The balance 26 per cent in Bestway will be acquired in 2022.
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