Subsidiary Ampere crosses 4 lakh e-scooter sales, market share up to 4.4%

GREAVESCOT · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.6%1-day move

₹213.68

prior close

₹217.88

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2-0.1-0.2-0.9-1.6+2.8+3.8+8.6+5.8+4.2+17.0+15.2——

Up moveDown movePending

AI summary

Greaves Cotton's subsidiary Greaves Electric Mobility announced that its Ampere brand has crossed 4 lakh electric scooters sold in India. Ampere recorded 51% year-on-year growth in FY26, with market share rising from 3.6% to 4.4%. Dealer network grew 12% in FY26 to 400 touchpoints. Products are priced under Rs 1 lakh using LFP battery technology. GEML has filed a DRHP for an IPO with SEBI. The milestone reflects growing EV adoption and strengthens Ampere's position in the mass-market electric two-wheeler segment.

Likely market impact

Positive for Greaves Cotton as subsidiary GEML shows 51% growth and higher market share, supporting valuation ahead of GEML's planned IPO listing.