Please find attached 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 ....
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Greaves Cotton's subsidiary Greaves Electric Mobility has received an award for its Ampere Magnus G Max electric scooter, winning 'Family Scooter of the Year' at the Times Drive Auto Summit and Awards 2026. The scooter was launched in January 2026 and offers 142 km certified range, LFP battery technology with a 5-year/75,000 km warranty, and 33L boot space. This is the fourth consecutive industry recognition for GEML's Ampere brand, following awards for Magnus Grand and Nexus models. Greaves Electric Mobility has also filed its DRHP for an IPO with SEBI. The company positions this as validating its strategy to democratize electric mobility for Indian families.
This award reinforces Greaves Electric Mobility's brand positioning in India's growing electric two-wheeler market, but the announcement contains no financial numbers or order wins that would directly impact Greaves Cotton's stock. The main relevance to shareholders is the subsidiary's pre-IPO brand building and market validation.