Greaves Cotton Limited has informed the Exchange regarding a press release dated January 19, 2026, titled "Greaves Electric Mobility Limited, subsidiary of the Company, with the heading New Ampere Magnus G Max Targets Everyday Mobility with 100+ kms Range and Spacious Storage .".
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Greaves Cotton Limited has shared a press release about its subsidiary, Greaves Electric Mobility Limited (GEML), launching the new Ampere Magnus G Max electric scooter. The new model offers a range of over 100 kilometres on a single charge and features spacious storage, targeting everyday commuter needs. Ampere is one of Greaves Cotton's key brands in the electric two-wheeler segment. The launch is aimed at strengthening Ampere's position in the affordable, practical electric scooter market in India. This signals continued focus and investment in the EV business by the parent company.
Positive for Greaves Cotton's growth narrative as the EV subsidiary expands its product portfolio. Investors should watch for sales traction and quarterly revenue contribution from the new model, though no immediate financial impact is disclosed in this announcement.