GREAVESCOT
Greaves Cotton Limited (greavescot) Wins ‘family Scooter of the Year’ for Ampere Magnus G Max
Greaves Cotton Limited (GREAVESCOT) wins ‘Family Scooter of the Year’ for Ampere Magnus G Max at Times Drive Auto Summit and Awards 2026.
Greaves Electric Mobility has achieved another milestone with its family e-scooter, Ampere Magnus G Max, winning the ‘Family Scooter of the Year’ at the prestigious Times Drive Auto Summit and Awards 2026. This recognition underscores Greaves Electric Mobility’s (GEML) growing position in India’s electric mobility market, driven by its focus on dependable, family-oriented electric scooters designed for everyday commuting.
Recognition Reinforces Market Position
The Ampere Magnus G Max, launched in January 2026, is positioned as a next-generation family electric scooter offering a certified range of 142 kms, LFP battery technology for enhanced safety and durability, spacious 33L boot space, and a comfortable riding experience tailored for Indian road conditions. Commenting on the milestone, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility said, “We are honoured to receive the ‘Family Scooter of the Year’ award for our Ampere Magnus G Max. At Greaves Electric Mobility, we build for real India – practical, safe, durable and dependable products that fit seamlessly into the lives of Indian families.”
Key Features and Market Reception
The Ampere Magnus G Max is built on a dual-frame chassis engineered for stability and long-term durability, making it a dependable companion for India’s varied roads. Powering it is an IP67-rated water resistant, Lithium Iron Phosphate (LFP) battery, with a class-leading 5-year / 75,000 km warranty, built to go the distance. Three premium dual-tone colours: Matcha Green, Monsoon Blue and Cinnamon Copper, paired with gold-finish badging and a digital display, give the Magnus G Max a contemporary edge that’s as aspirational as it is practical. The strong market reception of Magnus G-Max has only deepened our conviction in this direction – validating that customers are ready to embrace electric mobility when it is built around their real needs.
This latest recognition comes on the back of the Magnus Grand E2W scooter receiving the Electric Scooter of the Year 2026 award by Bike India. The four consecutive industry recognitions across Nexus, Magnus Grand and now for Magnus G Max – affirms GEML’s strength and consistency across product innovation pipeline.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue grows at 18.8% CAGR. The company generates cash but does not compound aggressively. The stock holds at 36% of its 52-week range with RSI at 54. In other words, neither side has a clear edge right now. Revenue grows at 18.8% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited Appoints Mukul Kanchan as Executive Director & CEO
Greaves Cotton Limited appoints Mukul Kanchan as Executive Director & CEO to scale up Greaves Finance’s EV financing operations.
Greaves Cotton Limited (NSE: GREAVESCOT) has appointed Mukul Kanchan as its Executive Director & CEO, effective October 1, 2026, subject to necessary approvals. With nearly two decades of experience across lending, corporate finance, private equity, and M&A, Mukul joins from Bengaluru-based employee benefits platform Plum, where he served as CFO.
Leadership in EV Financing
Mukul will lead Greaves Finance Limited’s (GFL) next phase of growth, scaling tailored financing for electric two-wheeler buyers through ev.fin, its 100% EV-focused lending platform. ev.fin, launched in 2023, is GFL’s consumer finance technology platform for electric mobility, working with EV manufacturers and their dealer networks to offer financing at the point of sale, serving customers across 86 cities.
Strategic Vision for Scaling EV Financing
Commenting on his appointment, Mukul Kanchan, Executive Director & CEO, Greaves Finance Limited, said, “Electric two-wheelers are fast becoming the everyday choice for India’s commuters, gig workers, and small businesses, and access to simple, fair credit is often what turns that intent into ownership. ev.fin has built strong foundations with leading EV OEM’s across the country. I am delighted to join Greaves Finance, and I look forward to scaling the business responsibly, with sharp credit discipline, a diversified funding base, and partnerships that make EV ownership easier for more Indians.”
At GFL, Mukul will focus on deepening ev.fin’s partnerships with EV OEM’s, including brands like Ampere, broadening the company’s funding base, and building a scalable, well-governed lending franchise with strong credit discipline.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 20.2% over three months and has not found a floor yet. The PEG stands at 4.43 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -20.2% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited Expands Ampere Experience Centers Nationwide
Greaves Cotton Limited (GREAVESCOT) expands Ampere Experience Centers, doubling footprint to 600+ in just over a year.
Greaves Cotton Limited (NSE: GREAVESCOT) announced the addition of more than 50 new Ampere Experience Centers across 15 states, marking a decisive step in its aggressive growth journey. This expansion doubles Ampere’s network footprint to over 600 Experience Centers in just over a year.
Strategic Growth Acceleration
The pan-India expansion is a critical pillar of Ampere’s aggressive growth strategy, bringing integrated product experience, sales, and dependable service closer to customers across priority markets. The new Experience Centers span key markets across four regions: North, East, West, and South.
Enhanced Customer Experience
The larger network will give more customers direct access to Ampere’s portfolio of award-winning electric scooters across varied needs and use cases. The portfolio includes the Ampere Nexus EX+, Magnus GMax, Magnus Neo, and the recently launched Ampere Reo Vyb for younger riders. These scooters are engineered for India’s diverse roads, terrains, and everyday mobility needs.
Commenting on the expansion, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility, said, “Building a nationwide network of Experience Centers is a critical pillar of Ampere’s aggressive growth journey. We are moving with speed, and we have doubled our footprint in just over a year. This reflects the scale of our ambition and our commitment to bring product experience, sales, and dependable service closer to customers in every priority market.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 19.7% over three months and has not found a floor yet. The PEG stands at 4.48 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -19.7% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited (greavescot) Unveils Ampere’s New Nexus EX+ with Enhanced Features
Greaves Cotton Limited (GREAVESCOT) announces Ampere’s new Nexus EX+, featuring a powerful 5 kW motor and IoT-enabled Intellipack.
Greaves Cotton Limited (GREAVESCOT) has announced the launch of Ampere’s new Nexus EX+, strengthening its award-winning Nexus EV with IoT-enabled Intellipack. The new Nexus EX+ comes with a more powerful 5 kW motor and an IP65-rated water-resistant charger, enhancing the scooter’s performance and durability.
Enhanced Performance
The new Nexus EX+ features a powerful 5 kW motor, delivering stronger pick-up, 0-40 kmph acceleration in 4.5 seconds, and enhanced gradeability for steep climbs, flyovers, and hilly terrain. The scooter also includes an IP65-rated water-resistant charger, ensuring durability across varied weather conditions.
Smarter Ownership Experience
The Nexus EX+ is equipped with next-generation LFP battery technology, promising a long battery life of 200,000 km. Combined with lower running costs, this long-life battery provides a strong total cost of ownership advantage for customers transitioning from petrol scooters to electric mobility. The scooter is available in two variants: Nexus EX+ priced at INR 1,29,999 and Nexus EX+ with Intellipack priced at INR 1,35,999, offered in premium colors Carbon Knight and Steel Grey.
Speaking on the launch, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility, said, “The Nexus has consistently demonstrated Ampere’s focus on purposeful innovation, durability, and real-world performance. With the launch of the new Nexus EX+, we are strengthening this award-winning EV platform with IoT-enabled Intellipack, stronger performance, and greater everyday confidence. Intellipack makes ownership smarter and more convenient, while the 5 kW motor enhances pick-up and gradeability across flyovers, hilly roads, pillion riding, and load-bearing conditions. The IP65-rated charger further adds to the product’s reliability across varied weather conditions. This is another step in building electric scooters that are practical, resilient, and aligned with the evolving needs of Indian riders.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG stands at 4.75 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The stock rises -0.3% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
-
FSL3 days agoFirstsource Solutions Limited (FSL) Named Horizon 3 Market Leader in HFS Horizons: Customer Experience Services, 2026
-
Healthcare2 days agoZydus Lifesciences Limited (zyduslife) Partners with Prolific Machines to Scale Biologics Manufacturing
-
AYE2 days agoAye Finance Limited (NSE: AYE) Q2fy27: Highest-ever Quarterly Profit of INR 87 Crore
-
Healthcare2 days agoNureca Limited (nureca) Q2 FY27: Revenue Up 55%, Records Highest Quarterly Revenue in Last 20 Quarters
-
Basic Materials2 days agoInternational Gemological Institute Limited (igil) Q2 FY27: Certification Revenue Up 32%, Ebitda Growth at 39%
-
Healthcare2 days agoZydus Lifesciences Limited (zyduslife) Receives USFDA Approval for Estradiol and Levonorgestrel
-
INFOBEAN2 days agoInfobeans Technologies Limited (infobean) Achieves Select Partner Tier in the Claude Partner Network Services
-
Information Technology Services2 days agoLtm Limited (LTM) Launches Blueverse™ Valuemesh™ to Help Enterprises Scale AI Across Oracle