Greaves Cotton Limited has informed the Exchange regarding a press release dated April 24, 2026, titled " Greaves Electric Mobility strengthens Ampere Magnus portfolio with the New Magnus Neo .".

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AI summary

Greaves Cotton's subsidiary Greaves Electric Mobility has launched a new variant of its Ampere Magnus Neo electric scooter. The new model features a lighter 103kg build, 777mm seat height, and 10-inch rear tyre for better city riding comfort. It uses advanced LFP battery technology with extended battery life up to 10 years. The scooter is priced starting at Rs. 86,999 and comes in four colour options. This launch expands the Ampere portfolio targeting everyday commuters and families in Indian road conditions.

Likely market impact

This product launch expands Greaves Electric Mobility's offerings in the competitive Indian EV two-wheeler segment, though no immediate financial impact or order volumes are disclosed.