Greaves Cotton Limited has informed the Exchange regarding a press release dated April 06, 2026, titled "Ampere Magnus Grand by Greaves Electric Mobility Wins Bike India Electric Scooter of the Year 2026 .

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AI summary

Greaves Cotton's subsidiary Greaves Electric Mobility (GEML) announced that its electric scooter Ampere Magnus Grand has been awarded 'Electric Scooter of the Year 2026' at the Bike India Awards. The Magnus Grand features an LFP battery with a class-leading 5-year/75,000 km warranty, dual-frame chassis, and is positioned as an affordable EV under ₹1 lakh aimed at family riders. GEML operates 3 manufacturing plants, over 400 dealer touchpoints, and holds 8 India Book of Records titles. GEML also filed a DRHP for IPO in December 2024.

Likely market impact

The award is positive brand recognition for Greaves Electric Mobility ahead of its planned IPO, but it does not directly impact revenues, orders, or earnings at the parent Greaves Cotton level.