Key Quantitative Figures
- Ampere electric scooters have achieved a cumulative sales milestone of 400,000 units manufactured and sold in India.
- The brand recorded 51% year-on-year growth in FY26.
- Market share increased from 3.6% in FY25 to 4.4% in FY26 in India's electric two-wheeler market.
- The company expanded its dealer network by 12% in FY26 compared to FY25.
- Ampere products feature a 100% LFP battery platform with a lifecycle of up to approximately 200,000 kilometers.
Dates of Action
The press release was issued on 25th June 2026, and the regulatory filing was submitted on the same date.
Parties Involved
- Greaves Cotton Limited (Parent company, BSE: 501455, NSE: GREAVESCOT, CIN: L99999MH1922PLC000987)
- Greaves Electric Mobility Limited (Subsidiary)
- MLR Auto Limited (Subsidiary of GEML)
- Bestway Agencies Private Limited (Subsidiary of GEML)
- Vikas Singh, MD of Greaves Electric Mobility (quoted in the release)
- Atindra Nath Basu, Group General Counsel and Company Secretary of Greaves Cotton Limited
Product and Operational Highlights
- Ampere Nexus was awarded "Electric scooter of the year 2025"
- Magnus Grand won 'Electric Scooter of the Year 2026' title
- Magnus G-Max won 'Family Scooter of the Year 2026' title
- The milestone includes slow speed vehicles not captured in VAHAN data
- Company has three manufacturing plants located in Hyderabad, Noida, and Ranipet
- Supports network through 400 dealer touchpoints across India
- Holds 8 India Book of Records and 1 Asia Book of Records titles
Forward-Looking Statements
The press release contains forward-looking statements about the company's expectations and future developments, with appropriate risk disclosures about economic conditions, competition, regulatory changes, and other factors that could affect actual results.