Greaves Electric Mobility– Proudly Made in India
The EV Company India Built Before It Was Cool
How a 165-year-old engineering conglomerate quietly became one of India’s most experienced electric vehicle manufacturers—and why that experience now matters.
17+
Years Making EVs
3.1L+
Vehicles on Road
₹786Cr
FY26 Revenue
420+
Dealer Touchpoints
Most people who buy an Ampere scooter don’t know who makes it. They know the green branding, the range claim on the showroom wall, the EMI offer from the finance desk. They probably don’t know the name Greaves Electric Mobility– the company behind the vehicle, behind the warranty, and behind three manufacturing plants that have been building electric vehicles since 2008.
That invisibility is partly intentional. Greaves Cotton, the 165-year-old engineering conglomerate that owns Greaves Electric Mobility, built its reputation on diesel engines — unglamorous, essential things that powered auto-rickshaws and farm equipment across India for decades. When it pivoted toward electric, it didn’t try to erase that industrial identity. It leveraged it.
This is the full story of how India’s oldest engineering company became one of its most experienced EV manufacturers- what it makes, why first-time EV buyers in tier-2 cities choose it, and what’s coming next.
The Brand Story
From Diesel Engines in 1859 to Electric Scooters in 2026- Without Losing the Plot
Greaves Cotton was founded in 1859- not 1959, not 1989. 1859. It predates the automobile itself. For most of its history it made engines: compact, reliable, single-cylinder diesel units that powered millions of three-wheelers and light commercial vehicles across India. That engineering pedigree is not cosmetic. It shaped the culture, the manufacturing capabilities, and the supply chain relationships that Greaves Electric Mobility inherited when it was spun up.
The 2018 Ampere acquisition is the moment most people point to, but the real story starts earlier — in 2008, when Greaves committed to electric mobility before FAME subsidies, before the EV startup boom, before the category had an audience. That decade of early-stage work is why the company now holds 8 India Book of Records titles for EV performance and durability.
Looking to buy your first electric scooter?
We can help you compare Ampere models and find the right fit for your commute.
Product Range
What Greaves Electric Mobility Actually Makes- Three Segments, One Mission
Greaves Electric Mobility operates across three distinct brands targeting different segments of the electric vehicle market. This is not fragmentation- it is deliberate positioning across the full spectrum of affordable electric mobility in India.
âš¡Ampere- Electric Two-Wheelers
- Nexus (EX & ST) — family scooter, 136km range
- Magnus Grand & G-Max — 100km+ LFP battery
- Magnus Neo — everyday commuter
- Reo 80 & Reo Li Plus — entry-level segment
- 6th Gen platform (upcoming
🛺 Greaves 3-Wheelers & ELE
- Greaves ELTRA electric passenger vehicle
- ELE Loader — cargo electric three-wheeler
- E-rickshaws for last-mile passenger
- Commercial fleet and B2B use cases
🔋 Technology & Platform
- LFP (Lithium Iron Phosphate) across all models
- In-house battery assembly at Ranipet
- Sibros connected vehicle platform
- Technology Centre, Bengaluru
- Alt Mobility B2B fleet partnership
The commitment to LFP chemistry across every single model — not just premium ones — is an underappreciated technical decision. LFP batteries are heavier than NMC alternatives but significantly safer, more thermally stable, and longer-lasting under Indian usage conditions. It is the kind of material choice that does not show up in a brochure but matters enormously over the five-year ownership period.
For a first-time EV buyer in a Tier-2 or Tier-3 city—where access to a reliable local service centre is essential rather than optional—the extensive dealer network, supported by Greaves Cotton’s logistics infrastructure, provides a meaningful competitive advantage that newer market entrants would find difficult to replicate in the short term.
— Ampere EV, Official Brand Communication
Why India’s First-Time EV Buyers Choose Ampere
Three Structural Advantages Most EV Brands Cannot Claim
The Indian EV market is crowded with brands that were founded after 2015, funded on venture capital, and are still figuring out after-sales logistics. Greaves Electric Mobility is structurally different — and those differences matter most to buyers outside metro cities.
165
Years of Manufacturing DNA
Greaves Cotton has operated manufacturing facilities in India for over 165 years. Supply chain relationships, quality control systems, and tooling expertise transferred directly to EV production — no startup learning curve on the factory floor.
₹59K
Entry Price with LFP Battery
Starting at ₹59,900 with LFP chemistry — the same battery type used in premium EVs globally — Ampere has kept price and technology aligned for mass-market buyers who cannot afford to take a risk on an unknown chemistry.
309+
Cities with Dealer Presence
With 420+ dealer touchpoints across 309+ cities, service availability is real even in non-metro locations. For electric vehicle adoption in India, the post-sale support network is the actual product.
Want to find an Ampere dealer near you?
We’ll connect you with an authorised touchpoint in your city or district.
The Scale That Defines the Revival
The numbers behind FY26's 51% growth story
After a challenging FY24, Greaves Electric Mobility has delivered one of the most notable recovery stories in India’s EV industry. Here’s where the company stands today.
FY26 vs FY25
FY26
E-2W Market FY26
TN, Odisha, Bihar & WB
Brand At a Glance
Greaves Electric Mobility- The Numbers That Matter
| Parameter | What You Need to Know |
|---|---|
| Founded | 2008 (as Greaves Electric Mobility); parent Greaves Cotton founded in 1859 |
| Parent Company | Greaves Cotton Limited — listed on BSE & NSE with a 165-year legacy |
| Brands | Ampere (E-2W), ELE (commercial/cargo), Greaves 3-Wheelers (passenger & commercial) |
| Manufacturing Plants | 3 plants — Hyderabad, Noida, and Ranipet (Tamil Nadu) |
| FY26 Revenue | ₹786 crore (19% YoY growth) |
| E-2W Sales Growth | 51% YoY in FY26; 60% growth during Jan–Oct 2025 |
| Market Position | Ranked #6 in India’s electric two-wheeler market (FY26) |
| Dealer Network | 420+ touchpoints across 309+ cities in 27 states |
| Battery Technology | LFP (Lithium Iron Phosphate) across all Ampere models |
| Warranty | 5-year warranty on Nexus, Magnus Grand & G-Max; 3-year warranty on Reo 80 & Magnus Neo |
| IPO Status | DRHP filed in December 2024; SEBI approval received in May 2025 |
| Records | 8 India Book of Records titles; Nexus set an Asia Book of Record at Kolli Hills |
| Official Websites | greaveselectricmobility.com • ampere.greaveselectricmobility.com |
Final Thoughts
As electric mobility continues to reshape transportation in India, Greaves Electric Mobility has emerged as a significant player through its innovative EV solutions and strong focus on sustainable mobility. Through its flagship brand Ampere, the company offers a range of electric scooters designed for affordability, performance, and everyday convenience, helping accelerate the adoption of clean transportation across the country.
For readers interested in learning more about Ampere’s electric scooter lineup and Greaves Electric Mobility’s vision for the future of electric transportation, explore these resources:
With continuous innovation, expanding product offerings, and a commitment to Make-in-India manufacturing, Greaves Electric Mobility and its brand Ampere are helping drive India’s transition toward a cleaner and more sustainable future.
FAQs
Is Ampere an Indian brand or a Greaves product?
What makes LFP batteries different and why does it matter?
LFP (Lithium Iron Phosphate) batteries are more thermally stable than NMC alternatives- they are significantly less prone to thermal runaway (the battery fire risk that makes EV buyers nervous). They also last longer in terms of charge cycles, which matters over a 5–7 year ownership period. Ampere uses LFP across its entire lineup, not just in premium models.
How does Ampere's range stack up against competitors?
Is Greaves Electric Mobility going public?
The company filed its Draft Red Herring Prospectus (DRHP) in December 2024 and received SEBI approval in May 2025. The exact IPO date and price band have not yet been announced. It is proposed to list on both BSE and NSE.
Which states have the strongest Ampere presence?
Tamil Nadu, Odisha, Bihar, and West Bengal are key markets where Ampere holds close to 12% market share — significantly above its national average. These four states account for roughly 23% of India’s overall electric bike market, making them strategically important.
