Greaves Cotton Subsidiary Launches Ampere Nexus EX+ Electric Scooter at ₹1.29 Lakh

Key numbers

Market Cap	₹5,264 CrMid Cap
PE TTM	52.74Sector PE 31.98
Revenue Growth	30.7%Qtr YoY
RSI	63.89Neutral Zone

Key highlights

• Launched in two variants priced at INR 1,29,999 and INR 1,35,999 for the Intellipack version
• Powered by a 5 kW motor delivering 202 Nm peak torque and 0-40 kmph in 4.5 seconds
• Equipped with next-generation LFP battery technology designed for a 200,000 km lifespan
• Features the Intellipack IoT suite offering 30+ smart features including geo-fencing and diagnostics
• Includes an IP65-rated water-resistant charger and a 5-year or 75,000 km battery warranty

High Performance and Premium Features for Bharat

Greaves Electric Mobility’s latest offering, the Ampere Nexus EX+, targets the premium electric two-wheeler segment with two distinct variants. The standard EX+ is priced at INR 1,29,999, while the variant integrated with the IoT-enabled Intellipack suite is available for INR 1,35,999. Offered in Carbon Knight and Steel Grey, the scooter is engineered to handle demanding real-world riding conditions.

It features a 5 kW motor that produces a peak wheel torque of 202 Nm, enabling enhanced gradeability for steep climbs and flyovers. This launch marks a significant upgrade to the Nexus platform, focusing on performance, durability, and a smarter digital ownership experience for the evolving Indian market.

Advanced Connectivity and Battery Longevity

• Intellipack suite integrates the Ampere Connect App with over 30 features including turn-by-turn navigation
• Real-time tracking, geo-fencing, and remote vehicle diagnostics for enhanced security
• Next-generation LFP battery technology designed for a long life of 2,00,000 km
• IP65-rated water-resistant charger ensures reliability across varied weather conditions
• Standard 5-year or 75,000 km battery warranty to lower total cost of ownership
• Acceleration from 0-40 kmph achieved in 4.5 seconds for city-speed agility

Strategic Growth and Revenue Trajectory

This launch is a component of the broader GREAVES.NEXT strategy, which targets a revenue CAGR of 16% to 20% over the medium term. Greaves Cotton reported consolidated revenue of ₹974.12 crore for the quarter ended June 30, 2026, marking a 30.7% growth compared to the same period last year. The subsidiary, Greaves Electric Mobility, has maintained a high cadence of product releases throughout 2026, including the Ampere Magnus G Max in August and the Reo VYB entry-level scooter in June.

The company operates three manufacturing plants and supports a network of 400 dealer touchpoints, aiming for annual dispatch volumes exceeding 100,000 units across its electric two-wheeler and three-wheeler platforms.

Management on Purposeful Innovation

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.

What to watch next

• Announcement of financial results for the quarter and half-year ended September 30, 2026
• Reopening of the trading window 48 hours post-financial result declaration
• Projected annual dispatch volume milestone of 100,000 units for the electric mobility segment

“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.”

Greaves Cotton · financial snapshot

Share price	₹225.98
Market capitalisation	₹5,264.24 Cr
Revenue (annual)	₹3,436.62 Cr
Net profit (annual)	₹107.14 Cr
Revenue (latest quarter)	₹974.12 Cr-2.61% vs previous quarter
Net profit (latest quarter)	₹25.77 Cr+14.33% vs previous quarter
P/E (TTM)	52.74×Sector 31.98×
Promoter holding	55.77%-0.01% QoQ
FII holding	1.35%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.