Ampere Magnus G Max E-Scooter Launched at ₹94,999 with 100km Range, 33L Storage

2 min read     Updated on 19 Jan 2026, 12:42 PM
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Reviewed by
Radhika SScanX News Team
Overview

Greaves Electric Mobility has launched the Ampere Magnus G Max electric scooter at ₹94,999 with comprehensive specifications including 3kWh LFP battery, 142km certified range, and 33-litre storage capacity. The scooter features 1.5kW nominal motor power, 65kmph top speed, and targets family users with enhanced safety features and practical design elements.

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*this image is generated using AI for illustrative purposes only.

Greaves Cotton 's subsidiary Greaves Electric Mobility has launched the Ampere Magnus G Max electric scooter at an introductory price of ₹94,999 (ex-showroom), inclusive of the PM e-Drive subsidy. The new model targets everyday family use with enhanced range and storage capabilities.

Pricing and Market Positioning

The Magnus G Max enters the competitive electric scooter segment with strategic pricing and positioning details:

Parameter Details
Launch Price ₹94,999 (ex-showroom)
Subsidy Inclusion PM e-Drive subsidy included
Target Market Family users
Brand Ampere (Greaves Electric Mobility)

Technical Specifications and Performance

The Magnus G Max features a comprehensive set of technical specifications designed for daily commuting needs:

Specification Details
Battery 3 kWh Lithium Ferro Phosphate (LFP)
Motor Power 1.5 kW nominal, 2.4 kW peak
Certified Range 142 km (IDC)
Real-world Range Over 100 km (Eco mode)
Top Speed Up to 65 kmph
Charging Time 4.5 hours (20% to 80%)
Battery Warranty 5 years/75,000 km

Design and Features

The scooter incorporates practical design elements and modern features for enhanced user experience. Built on a dual-frame chassis with 165 mm ground clearance, it offers three riding modes: Eco, City, and Reverse. The suspension system includes telescopic forks at the front and dual shock absorbers at the rear, while braking is managed through 130 mm drum brakes.

Feature Specification
Storage Capacity 33 litres (under-seat)
Display 3.5-inch LCD digital console
Connectivity USB charging port, optional TCU
Lighting LED headlamp and indicators
Color Options Monsoon Blue, Matcha Green, Cinnamon Copper

Management Commentary and Market Context

Vikas Singh, Managing Director of Greaves Electric Mobility, emphasized the product's development approach: "The Magnus G Max is the outcome of extensive research into how Indian families use their scooters every day. Our focus has been on maximising the riding experience while ensuring consistency, reliability, and peace of mind across range, comfort, storage, and battery safety."

The company highlighted that LFP batteries, while less energy-dense than NMC batteries, offer enhanced safety due to lower thermal runaway risk. The Magnus G Max is positioned above the existing Magnus Grand model, offering larger battery capacity, higher top speed, and increased storage space. Greaves Electric Mobility noted that Ampere's 17-year experience in electric mobility has resulted in eight India Book of Records titles and consistent ranking among the top six OEMs in monthly electric two-wheeler sales.

Historical Stock Returns for Greaves Cotton

1 Day5 Days1 Month6 Months1 Year5 Years
-1.76%-3.14%-5.94%-23.41%-36.19%+48.83%

Greaves Cotton Issues ₹100 Crore Corporate Guarantee to IDFC FIRST Bank for Subsidiary

1 min read     Updated on 31 Dec 2025, 05:02 PM
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Reviewed by
Ashish TScanX News Team
Overview

Greaves Cotton Limited has issued a ₹100.00 crore corporate guarantee to IDFC FIRST Bank Limited for working capital and term loan facilities availed by its material subsidiary Greaves Electric Mobility Limited. The guarantee, disclosed on December 31, 2025, was issued on an arm's length basis with no promoter interest. The arrangement creates a contingent liability for Greaves Cotton with potential impact only if the subsidiary fails to meet repayment obligations.

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*this image is generated using AI for illustrative purposes only.

Greaves Cotton Limited has issued a corporate guarantee of ₹100.00 crores to IDFC FIRST Bank Limited as security for working capital and term loan facilities availed by its material subsidiary. The company made this disclosure on December 31, 2025, in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Guarantee Details

The guarantee has been provided to IDFC FIRST Bank Limited as security for facilities availed by Greaves Electric Mobility Limited (GEML), which is a material subsidiary of the company. The arrangement covers both working capital and term loan facilities extended by the bank to GEML.

Parameter: Details
Guarantee Amount: ₹100.00 crores (maximum)
Beneficiary: IDFC FIRST Bank Limited
Facility Type: Working capital and term loan
Subsidiary: Greaves Electric Mobility Limited
Transaction Basis: Arm's length

Regulatory Compliance and Disclosure

The disclosure was made pursuant to SEBI Listing Regulations and relevant circulars, including SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025, and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided comprehensive details as required under the regulatory framework.

Promoter Interest and Transaction Nature

Greaves Cotton has confirmed that promoters, promoter groups, and group companies have no interest in this transaction. The corporate guarantee has been issued on an arm's length basis, ensuring compliance with regulatory requirements for related party transactions.

Financial Impact Assessment

The company has stated that there is no immediate impact on its operations, except to the extent of the guarantee amount in the event GEML is unable to meet its repayment obligations to IDFC FIRST Bank Limited. The corporate guarantee constitutes a contingent liability for Greaves Cotton Limited.

Impact Category: Description
Immediate Impact: None
Contingent Liability: ₹100.00 crores
Risk Factor: GEML's repayment capability
Nature: Contingent obligation

The guarantee arrangement supports the financing requirements of Greaves Electric Mobility Limited while creating a structured contingent liability framework for the parent company.

Historical Stock Returns for Greaves Cotton

1 Day5 Days1 Month6 Months1 Year5 Years
-1.76%-3.14%-5.94%-23.41%-36.19%+48.83%

More News on Greaves Cotton

1 Year Returns:-36.19%