Greaves Cotton Limited's material subsidiary, Greaves Electric Mobility Limited (GEML), has announced the launch of its Ampere 6th Gen Electric Scooter, designed to challenge India's traditional petrol scooter market. The announcement was made on 19th February 2026, positioning the new electric scooter as an 'ICE Breaker' for the electric two-wheeler segment.

Product Launch and Market Positioning

The Ampere 6th Gen Electric Scooter is scheduled for release in FY27 and specifically targets the sub-Rs 1 lakh category, which represents the largest volume opportunity in India's scooter market. The product aims to compete directly with high-selling petrol scooters by delivering better performance while offering superior ownership economics.

Mr Vikas Singh, Managing Director and Chief Financial Officer of Greaves Electric Mobility, emphasized the strategic importance of this launch: "The sub-Rs 1 lakh category represents the single largest volume opportunity in India's scooter market, yet remains ICE-led. With Ampere 6th Gen Electric Scooter, we are entering the E2W market with a clear sight of competing with the largest selling ICE product offering."

Technical Specifications and Performance Features

The Ampere 6th Gen Electric Scooter addresses key performance gaps in the entry-level segment through several engineered improvements:

Performance Enhancements

• Higher Torque: Delivers greater torque compared to largest selling ICE scooters, enabling quicker pickup and stronger load-carrying capability
• Improved Gradeability: Enhanced hill-climb performance compared to conventional value EVs and typical ICE scooters in the sub-Rs 1 lakh price band
• Cost Advantage: Aims to reduce running costs by 50% compared to ICE scooters
• Convenience Features: Home charging capability, reverse mode, and reduced maintenance requirements

Technology Integration

Market Context and Competitive Landscape

India's mass scooter segment has traditionally been dominated by petrol vehicles offering practical city performance and quick refuelling. In the sub-Rs 1 lakh category, both petrol and EV scooters typically cater to the entry-level segment with modest performance, moderate torque, and limited hill-climbing capability. Consumers seeking higher performance usually need to spend over Rs 1 lakh and continue to incur significant running and maintenance expenses.

Company Infrastructure and Market Presence

GEML operates with substantial market infrastructure to support the new product launch:

The company holds 8 India Book of Records titles, reflecting its focus on technology and design-led innovative mobility solutions. GEML's subsidiaries MLR Auto Limited and Bestway Agencies Private Limited help extend the company's market presence across the country.

Strategic Growth Focus

With the addition of the Ampere 6th Gen Electric Scooter, the Ampere brand expands its product offering for first-time EV buyers seeking performance comparable to petrol scooters combined with long-term electric mobility benefits. The launch represents GEML's continued focus on scalable and contribution-positive growth while advancing its mission to democratize smart and sustainable mobility for Indian families.

The company continues its geographic expansion across the country, positioning itself to lead India's transition toward electric transportation through affordable and sustainable clean mobility solutions.

Greaves Cotton has completed the newspaper publication of its Q3FY26 financial results under Regulation 47 of SEBI Listing Regulations, following the earlier release of earnings call audio recording and comprehensive investor presentation. The company published its standalone and consolidated unaudited financial results in Business Standard (English) and Loksatta (Marathi) newspapers on February 7, 2026.

Regulatory Compliance and Publication

The company fulfilled its regulatory obligations by publishing financial results in newspapers as required under SEBI regulations. Group General Counsel & Company Secretary Atindra Basu confirmed the publication across multiple editions to ensure comprehensive disclosure to stakeholders.

Q3FY26 Financial Performance

The company delivered robust financial performance across key metrics, with revenue growth complemented by operational improvements during the quarter.

Strategic Transformation - GREAVES.NEXT

The investor presentation outlines the company's comprehensive transformation strategy, positioning Greaves Cotton as a trusted, future-ready, innovative engineering solutions company. The GREAVES.NEXT initiative focuses on three key pillars: accelerating the core business, building new capabilities, and expanding into new horizons guided by megatrends.

Segment-wise Performance

The consolidated results showcase diversified business performance across multiple segments during Q3FY26.

Complete Disclosure Framework

The newspaper publication completes the company's comprehensive disclosure framework for Q3FY26 results, which included earnings call audio recording upload on February 6, 2026, and detailed investor presentations. This multi-channel approach ensures all stakeholders have access to detailed financial information and strategic discussions about the company's quarterly performance and future direction.