Greaves Cotton 's subsidiary has announced the launch of the Ampere Magnus G Max, a new electric scooter designed to meet the growing demand for efficient daily transportation solutions. The latest addition to the Ampere portfolio represents the company's continued focus on expanding its electric vehicle offerings in the Indian market.

Key Features and Specifications

The Ampere Magnus G Max has been engineered with daily commuters in mind, offering several notable features that distinguish it in the electric two-wheeler segment.

Enhanced Range and Practicality

The Magnus G Max addresses one of the primary concerns of electric vehicle users with its extended range capability of over 100 kilometers. This range specification positions the scooter as a viable option for users who require reliable transportation for longer daily commutes without frequent charging requirements.

The vehicle also incorporates enhanced storage solutions, recognizing the practical needs of daily commuters who require space for personal belongings, work materials, or shopping items during their travels.

Market Positioning

This launch reinforces Greaves Cotton's subsidiary's commitment to developing practical electric mobility solutions for the Indian market. The Magnus G Max targets the growing segment of consumers seeking reliable, long-range electric scooters for regular use, combining performance with everyday functionality.

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.

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.

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