Greaves Cotton Limited has informed the Exchange regarding a press release dated April 09, 2025, titled "Press Release issued by Greaves Electric Mobility Limited, subsidiary of the Company, with the heading Electric for Everyone: Ampere Reo 80 Arrives .
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Greaves Cotton has shared a press release from its subsidiary, Greaves Electric Mobility Limited, about the launch of a new electric scooter called the Ampere Reo 80. The launch is positioned under the tagline 'Electric for Everyone', suggesting the company is targeting the mass-market or entry-level segment of electric two-wheelers. Ampere is one of Greaves Cotton's key brands in the electric vehicle (EV) business. The announcement is a product launch update and does not mention any financial figures, order wins, or partnerships. The press release was issued on April 9, 2025.
This is a routine product launch announcement from the EV subsidiary and is unlikely to move the stock price on its own. Investors should watch for sales response, dealer network expansion, and pricing details to gauge whether the new model can meaningfully boost the EV segment's revenue contribution to Greaves Cotton.