Greaves Cotton, eWheelers set up multi-brand EV chains With scores of small-scale electric…

Greaves Cotton, eWheelers set up multi-brand EV chains

With scores of small-scale electric vehicle (EV) brands opening shop and only few generating sufficient sales to justify exclusive dealerships, some companies are finding a new opportunity to start chains of multi-brand EV stores.
Greaves Cotton, a 162-year old engines maker, and eWheelers, a boot-strapped startup, are among the first ones to try their hands at multi-brand EV chain. Both the companies plan to retail all kinds of electric two- and three-wheelers both online and offline.
“Right from a Rs 20,000 electric bicycle to a Rs 4 lakh electric three-wheeler we sell everything,” Nagesh Basavanhalli, managing director of Greaves Cotton, told ET. “We will also offer finance and battery charging and swapping infrastructure.” The companies will handle back-end operations like dealing with EV makers, managing inventory and online sales, while physical outlets will be run by franchised dealers.
eWheelers has set up a flagship store and 50 franchised stores in the National Capital Region (NCR) while Greaves Cotton set up its first retail outlet called AutoEVMart in Bengaluru last month and plans to expand to other major cities soon.
Multi-brand automobile dealerships are not a new concept. The model has been successful in several countries globally, especially for low-volume vehicles. Even in India, many entrepreneurs have independently established their own multi-brand dealerships.
However, this model now streamlines the process with the franchise entrepreneur having to deal only with Greaves or eWheelers and not with multiple EV brands.
Headquartered in Hyderabad, eWheelers has so far been bootstrapped. The company is now crowdsourcing $1.5 million, or about Rs 11 crore, for pan-India expansion, its founder and chief executive Vasu Reddy said. Post that, eWheelers plans go for venture capital funding, he said.
To reduce the investment of franchise partners, eWheelers will have limited stock at the outlets which will be small ‘studio’ stores with two or three employees. The vehicles will be used for test rides and following that a customer can place an order online and take delivery from the store.
Franchises will also generate revenue from manufacturers per test ride as well as for putting new models up for display, Reddy said. They will also earn rental income from charging and battery swapping stations and can break even on their investments as early as in nine months, he claimed.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Usually, references need to be within the past 5 years. Thank you :)
Customer 0, July 16th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Thank you. No issues
Customer 0, April 17th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Very fast report with excellent information on the topic. Thank you for your speedy service in such a short time.
Customer 0, June 15th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Impressive writing
Customer 0, February 6th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Thank you for this excellent analysis of the Alchemist.
Customer 0, June 15th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
First of all, the writer made sure that he completely understood my assignment and all the guidelines before he began writing. My paper was finished very fast and well before the specified deadline. I thought it was written excellently. He definitely completely grasped the topic. Overall, he is a great writer and I couldn't have asked for better.
Customer 0, November 29th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Thank you
Customer 0, March 5th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Very fast response and did a excellent job.
Customer 0, May 31st, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Thank you!
Customer 0, April 19th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
awesome work
Customer 0, June 15th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
awesome work
Customer 0, October 14th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
It was a very long paper, but she followed all the instructions, and she even finished the paper 5 days before the due date. Will write an essay with her again, thanks!
Customer 0, November 27th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live ChatWhatsApp

Are You Looking For Assignment Help? We Can Certainly Assist You