Greaves Cotton Limited has informed the Exchange regarding a press release dated May 05, 2025, titled "Greaves Electric Mobility Limited, subsidiary of the Company, with the heading Ampere Nexus Named Electric Scooter of the Year for 2025.".
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Greaves Cotton informed the exchange that its subsidiary Greaves Electric Mobility's flagship e-scooter, Ampere Nexus, has won the 'Electric Scooter of the Year' award at the 2025 Bike India Awards. The Nexus is positioned in the premium electric two-wheeler segment and is built on an LFP battery platform. It also won the India Design Mark Award in November 2024 and recently completed a 10,000+ km ride from Kashmir to Kanyakumari in 45+ days, showcasing its endurance. The award highlights the scooter's performance, safety, and innovation in India's growing electric two-wheeler market.
This is a positive brand-building milestone for Greaves Electric Mobility, the EV subsidiary that has filed a DRHP for its own IPO. Strong product recognition could support investor sentiment around both Greaves Cotton and the upcoming GEML listing, though it does not directly impact near-term financials.