25-Jun-2026 12:45:17
GREAVES COTTON LIMITED : PRESS RELEASE
• Company attached a press release titled “Greaves Electric's Ampere Crosses 4 Lakh Milestone, Strengthens Leadership in Mass EV Segment". • Press release states that Greaves Electric Mobility, a subsidiary, has crossed the milestone of 4 lakh scooters manufactured and sold in India. • The company recorded 51% year-on-year growth in FY26, with market share increasing from 3.6% in FY25 to 4.4% in FY26. • Ampere's products are based on a 100% LFP battery platform, offering superior safety, thermal stability, and a long lifecycle of up to 200,000 kms. • Vikas Singh, MD, Greaves Electric Mobility, commented on the milestone, highlighting growing customer trust and focus on dependable, value-driven electric mobility. • The Ampere Nexus was awarded "Electric scooter of the year 2025", and Magnus Grand won 'Electric Scooter of the Year 2026'. • The company plans to make an initial public offering of its equity shares, with a draft red herring prospectus filed with SEBI.
Greaves Cotton Limited
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