Greaves Cotton Limited has informed the Exchange regarding a press release dated May 15, 2026, titled "Please find attached the Press Release issued by Greaves Electric Mobility Limited, subsidiary of the Company, with the heading Ampere Magnus G Max by Greaves Electric Mobility wins Family Scooter of the Year at Times Drive Auto Summit and Awards 2026 .Please take the same on record.
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Greaves Cotton's subsidiary Greaves Electric Mobility has received the 'Family Scooter of the Year' award for its Ampere Magnus G Max electric scooter at the Times Drive Auto Summit and Awards 2026. The scooter was launched in January 2026 and features a 142 km certified range, LFP battery technology with 5-year/75,000 km warranty, 33-litre boot space, and top speed of 65 kmph. The company highlighted the scooter's family-friendly price point aimed at democratising electric mobility access. This recognition follows three other industry awards for the Ampere brand in recent times, including Electric Scooter of the Year 2026 for Magnus Grand E2W by Bike India.
Positive signal for shareholders as the award validates product quality and market acceptance of Greaves Electric Mobility, the EV subsidiary with an IPO in pipeline. Strong brand recognition may boost sales and investor sentiment ahead of the planned public listing.