Greaves Cotton’s subsidiary, Ampere Electric, has launched a new electric scooter, the Magnus Neo, with a starting price of ₹79,999. This launch comes as part of Ampere’s efforts to expand its product portfolio and strengthen its presence in the Indian electric vehicle (EV) market. The Magnus Neo is an enhanced variant of the existing Magnus EX model and is expected to offer improved performance and features. The official launch took place at the Auto Expo 2025, where the company is also attempting to set a record for the longest journey by an electric scooter. Technical details are still under wraps, but the new scooter is likely to offer better range and potentially a more powerful motor compared to its predecessor.
Key Insights:
- Focus: Expansion of Ampere’s product line in the growing Indian EV market.
- Key Event: Launch of the Magnus Neo electric scooter at a competitive price point.
- Potential Impact:
- Increased competition in the affordable electric scooter segment.
- Potential boost in sales and market share for Ampere Electric.
- Positive impact on Greaves Cotton’s overall financial performance.
- Growing consumer interest in EVs due to rising fuel prices and environmental concerns.
Investment Implications:
- This launch could signal a positive growth trajectory for Greaves Cotton and its subsidiary, Ampere Electric.
- Investors interested in the EV sector might consider Greaves Cotton as a potential investment opportunity.
- It is crucial to monitor market response to the Magnus Neo, including sales figures and customer reviews, to assess the long-term impact on the company’s stock.
- Consider the broader economic environment, government policies supporting EVs, and competition within the EV space before making any investment decisions.
Sources:
- Times Now: https://www.timesnownews.com/auto/electric-vehiclesere-magnus-neo-india-launch-tomorrow-article-117193595/amp
- Greaves Cotton: https://greavescotton.com/wp-content/uploads/2023/05/pressrelea-344c22efee2b3c1.pdf
- NSE India:
https://nsearchives.nseindia.com/corporate/GREAVESCOT_14012025131935_Press_Release_merged_signed.pdf
