Greaves Cotton Limited announced through a press release that its subsidiary Greaves Electric Mobility Limited has launched a new electric two-wheeler product called Reo VYB under its Ampere brand.
The Reo VYB is positioned as a smart entry-level electric vehicle targeting young urban riders and first-time EV buyers. It is priced at an introductory price of ₹69,499 and is part of Ampere's family scooter portfolio.
Product Specifications
- Powered by Lithium Ferro Phosphate (LFP) battery technology known for superior thermal stability and safety
- Maximum speed: 25 kmph
- Battery life: Up to 1,00,000 kms
- True riding range: Up to 80 km on a single charge
- Available in four color options: Warm White, Pastel Purple, Dark Grey, and Aqua Metallic
- Under-seat storage: 24 liters
- Features include: color LCD digital cluster, premium key fob with keyless start, front disc brake, LED headlights and tail lamps
- Powered by hub-mounted motor for smooth performance
- Compact dimensions with telescopic front suspension and rear damper
- Includes rider footrest as essential accessory
Service and Warranty
- Ampere Care offers after-sales service at 400+ touchpoints across India
- 12x7 customer care support
- 3 Years/30,000 Kms warranty
Management Commentary
Mr. Vikas Singh, Managing Director of Greaves Electric Mobility, commented that India's urban mobility landscape is evolving with customers seeking sustainable, durable, and reliable mobility solutions. He noted that Tier II and III cities are getting connected to the national EV grid, and factors such as lower upfront cost of low-speed scooters and increasing last-mile delivery are expected to drive adoption. The Reo VYB aims to address this need as a practical choice.
Company Background
Greaves Electric Mobility Limited (GEML) is the electric mobility business of Greaves Cotton Limited and has over 17 years of experience in designing and manufacturing electric vehicles. The company serves both electric 2-wheeler and 3-wheeler segments and operates three manufacturing plants in Hyderabad, Noida, and Ranipet. GEML holds 8 India Book of Records and 1 Asia Book of Records titles.
Important Disclosure
Greaves Electric Mobility Limited is proposing to make an initial public offering of its equity shares and has filed a draft red herring prospectus (DRHP) dated December 23, 2024 with SEBI and the Stock Exchanges. The DRHP is available on SEBI's website (www.sebi.gov.in), BSE (www.bseindia.com), NSE (www.nseindia.com), and the company's website (www.greaveselectricmobility.com).
The announcement includes forward-looking statements subject to risks and uncertainties including general economic conditions, ability to implement strategy, research and development efforts, growth and expansion plans, technological changes, currency fluctuations, interest rate changes, regulatory changes, and competitive conditions.