Greaves Cotton Limited has informed the Exchange regarding a press release issued by the subsidiary of the Company dated September 18, 2025, titled "Ampere Magnus Grand, aims to Redefine Urban Mobility with LFP Battery and Dual Frame Chassis - Engineered to Outshine".
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Greaves Cotton's subsidiary Ampere has issued a press release about its new electric scooter, the Ampere Magnus Grand. The vehicle features an LFP (Lithium Iron Phosphate) battery and a Dual Frame Chassis design, positioning it as a premium offering in the urban electric mobility segment. The tagline 'Engineered to Outshine' suggests the company is aiming to differentiate from competitors in India's growing electric two-wheeler market. No financial figures, pricing details, or delivery timelines were mentioned in the announcement.
This is a product launch announcement that could strengthen Ampere's portfolio and support the parent company's EV growth narrative, potentially boosting investor sentiment. However, with no revenue numbers, pricing, or order details provided, the immediate impact on stock price or shareholder value is likely limited.