Greaves Cotton , through its subsidiary Greaves Electric Mobility, has launched its latest offering in the electric two-wheeler market - the Ampere Magnus Grand. This new electric scooter aims to redefine urban mobility with advanced features and enhanced performance.

Key Features and Pricing

The Ampere Magnus Grand comes with a host of impressive features:

• Advanced Battery Technology: The scooter is equipped with a Lithium Ferro Phosphate (LFP) battery, backed by a substantial 5-year or 75,000 km warranty.
• Stylish Design: Available in two premium dual-tone colors - Matcha Green and Ocean Blue - with gold finish badging.
• Enhanced User Experience: Features include a refreshed digital display, strengthened grab rail, and advanced braking technology.
• Family-Friendly: Spacious seating designed for comfortable family use.
• Competitive Pricing: Introductory price set at ₹89,999.00 (ex-showroom).

Technological Advancements

The Magnus Grand builds upon the success of its predecessor, the Magnus Neo. It incorporates several technological improvements aimed at enhancing the overall riding experience:

• Durability: The LFP battery is designed for extended life, promising twice the longevity compared to conventional batteries.
• Safety: Advanced braking technology to improve rider confidence in urban traffic conditions.
• Comfort: Ergonomically designed with a focus on family use, featuring a strengthened grab rail and spacious seating.

Market Position and Company Vision

Vikas Singh, Managing Director of Greaves Electric Mobility, emphasized the company's commitment to redefining urban mobility. He stated, "The Magnus Grand represents a significant leap forward for Greaves by aiming to redefine urban mobility by combining technology with user-centric design."

Ampere, with its 17 years of experience in electric mobility, has already served over 300,000 riders. The company is targeting to impact a billion lives by 2030 as part of its sustainable mobility transition goals.

Greaves Cotton Limited: A Legacy of Innovation

Greaves Cotton Limited, the parent company of Greaves Electric Mobility, boasts a rich history of 165 years in engineering. The company has successfully transformed from a single-cylinder diesel engine manufacturer to a diversified, multi-product, and multi-location engineering company.

Greaves is building a digitally integrated ecosystem connecting consumers, business partners, and service providers across the entire mobility value chain. The company's five independent business units - Greaves Engineering, Greaves Electric Mobility Ltd., Greaves Retail, Greaves Finance Ltd., and Greaves Technologies Ltd. - work in synergy to drive innovation and enhance accessibility for consumers.

The launch of the Ampere Magnus Grand electric scooter marks another milestone in Greaves' journey towards sustainable and accessible urban mobility solutions. As the electric vehicle market in India continues to grow, Greaves Electric Mobility is positioning itself as a key player in shaping the future of transportation in the country.

Greaves Cotton , a diversified engineering company, has announced a strategic move to strengthen its position in the electric vehicle (EV) financing sector. The company has approved an investment of ₹22 crore in its wholly-owned subsidiary, Greaves Finance Limited (GFL), to support the expansion of retail e-vehicle financing services.

Investment Details

The investment will be made through a subscription to equity shares offered on a rights basis by Greaves Finance Limited. This infusion of capital is expected to be completed on or before September 28, 2025, as per the company's disclosure to the stock exchanges.

About Greaves Finance Limited

Greaves Finance Limited, incorporated on December 31, 1958, is a non-banking financial company (NBFC) specializing in retail vehicle financing. The company focuses on providing lending solutions to prospective buyers of electric two-wheeler and three-wheeler vehicles. Additionally, GFL offers lease financing options to last-mile delivery and service aggregators.

Financial Performance

GFL has shown significant growth in recent years:

As of March 31, 2025, GFL reported a net worth of ₹80.06 crore.

Purpose of Investment

The proceeds from this rights issue will be utilized by Greaves Finance Limited for the capitalization of its borrowings. This move is expected to strengthen GFL's financial position and enable it to expand its e-vehicle financing services.

Impact on Shareholding

Despite this investment, there will be no change in Greaves Cotton's shareholding in GFL. The subsidiary will continue to remain wholly owned by Greaves Cotton Limited.

Market Implications

This strategic investment underscores Greaves Cotton's commitment to the growing electric vehicle market in India. By bolstering its financing arm, the company aims to facilitate easier access to credit for EV buyers, potentially driving sales and adoption of electric two-wheelers and three-wheelers.

The move aligns with India's push towards electric mobility and could position Greaves Cotton favorably in the evolving EV ecosystem. As the demand for electric vehicles continues to rise, robust financing options are likely to play a crucial role in accelerating market growth.