Greaves Cotton Limited's subsidiary, Greaves Electric Mobility, has launched the new Magnus Neo electric scooter under its Ampere brand on 24th April 2026. The latest variant strengthens the company's Magnus portfolio with a focus on enhanced comfort, lighter construction, and improved handling for urban mobility needs.

Product Features and Specifications

The Magnus Neo has been designed with rider comfort and ease of use as primary considerations. The scooter incorporates several ergonomic enhancements aimed at improving the overall riding experience for daily commutes and extended usage.

The lightweight construction enables easier manoeuvrability, while the 10 inch rear tyre provides better control and balance, particularly suited for city riding conditions. The lower seat height of 777 mm and reduced kerb weight of 103 kg offer better ground reach and easier handling, especially beneficial in stop-and-go traffic scenarios.

Advanced Battery Technology

The Magnus Neo platform is powered by advanced LFP battery technology, which offers enhanced durability and safety features. The battery technology provides 2x extra battery life cycle, extending the battery life up to 10 years. The battery system has been tested across varied temperatures from -40°C to 60°C, ensuring reliable performance across different environmental conditions.

Management Commentary

Vikas Singh, Managing Director of Greaves Electric Mobility, commented on the launch: "Comfort and ease of rideability remain central to our product philosophy, whether for short daily commutes or longer journeys. The new Magnus Neo has been developed as a lighter, more comfortable, and easier-to-handle family scooter, designed for Indian road conditions and everyday use. With this launch, we aim to make electric mobility more practical and accessible for a wider set of riders, while addressing real, on-ground riding needs."

Proven Platform Performance

The Magnus Neo builds on the established Magnus platform, which has demonstrated its reliability and durability through various achievements. The Ampere Magnus Neo holds the national record for the "Longest Journey by a City-Speed Family Electric Scooter," covering over 2,300+ kms from Bengaluru to Delhi. The platform features a strong dual-frame chassis and perfectly tuned brakes, ensuring stable and confident performance for everyday mobility requirements.

Company Background

Greaves Electric Mobility Limited operates as the electric mobility business unit of Greaves Cotton Limited, with over 17 years of experience in designing and manufacturing electric vehicles. The company serves both electric 2-wheeler and 3-wheeler segments through three manufacturing plants located in Hyderabad, Noida, and Ranipet, supported by 400 dealer touchpoints across India. GEML holds 8 India Book of Records titles, reflecting its focus on technology and design-led innovative mobility solutions.

Greaves Cotton Limited has filed its quarterly regulatory compliance certificate with stock exchanges, fulfilling mandatory requirements under SEBI depositories regulations for the quarter ended 31st March 2026.

Regulatory Filing Details

The company submitted the certificate on 8th April 2026 to both BSE Limited and National Stock Exchange of India Limited. The filing was made in compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Compliance Confirmation

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, provided a confirmation certificate dated 7th April 2026. The certificate confirms compliance with all regulatory requirements during the period from 1st January 2026 to 31st March 2026.

The registrar confirmed that during this period, they have:

• Processed demat requests within the stipulated 15-day timeframe
• Confirmed to depositories that securities in the certificates are listed on appropriate stock exchanges
• Properly mutilated and cancelled security certificates after verification
• Updated the register of members with depository names as registered owners for approved demat requests

Corporate Information

The filing was signed by Atindra Basu, Group General Counsel and Company Secretary (Membership No: F13799). KFin Technologies Limited holds SEBI Registration No. INR000000221 and serves as the authorized Registrar and Share Transfer Agent for the company.

This quarterly filing represents part of the company's ongoing regulatory compliance obligations under SEBI depositories regulations, ensuring proper handling of dematerialization processes and maintaining transparency with stock exchanges and investors.