Ampere crosses 4 lakh e-scooter milestone with 51 percent FY26 growth

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Greaves Cotton's subsidiary Greaves Electric Mobility's Ampere brand crossed 4 lakh electric scooters manufactured and sold in India. Ampere recorded 51 percent year-on-year growth in FY26, with market share rising from 3.6 percent in FY25 to 4.4 percent in FY26. Dealer network expanded 12 percent year-on-year to about 400 touchpoints. Products sit in the sub-Rs 1 lakh segment on a 100 percent LFP battery platform with lifecycle up to about 2 lakh km. GEML has already filed a DRHP for an IPO with SEBI.

Likely market impact

Positive growth signal for Greaves Cotton and a stronger business profile for GEML's planned IPO; reinforces EV momentum in mass market.