GREAVESCOT NSE filing

Greaves Cotton's Ampere Magnus G Max gets 30+ IoT features, priced at ₹1.1 Lakh

The RealCase readMedium impact Positive

Greaves Electric Mobility has upgraded its Ampere Magnus G Max electric scooter with over 30 IoT features, including Cruise Control and Hill Hold Assist. Priced at ₹1,09,999, the scooter aims to provide practical and dependable smart mobility for everyday riders in India. The upgrade enhances connectivity and convenience.

Why it matters

The upgrade introduces new technology and features to a popular scooter model, potentially increasing its appeal and sales. However, it does not represent a fundamental shift in business strategy or a major financial event.

The market read

The announcement details a significant product upgrade with new features and a new color option, which is generally positive for a company's product line and market competitiveness.

Greaves Electric Mobility Limited, a subsidiary of Greaves Cotton Limited, has announced a significant technology upgrade for its Ampere Magnus G Max electric scooter. The upgraded model now features over 30 IoT-enabled features powered by the NxG.io software platform, enhancing everyday riding with improved safety and convenience.

Key new features include Cruise Control for enhanced comfort on longer rides, Hill Hold Assist for better control on inclines and in traffic, and Turn-by-Turn Navigation displayed on a new 5-inch PMVA digital cluster. Additional smart features like Find My Scooter, Ping My Scooter, and remote vehicle diagnostics are also integrated, along with over-the-air (OTA) update capabilities.

The upgraded Magnus G Max is available in a new Cinnamon Copper color option, alongside existing premium dual-tone colors. The ex-showroom price is set at ₹1,09,999.

Mr. Vikas Singh, Managing Director of Greaves Electric Mobility, stated that the upgrade brings practical and dependable intelligence to the family scooter segment, addressing real customer needs and reinforcing Ampere's commitment to making electric mobility the preferred choice. The scooter retains its performance specifications, including a 3 kWh LFP battery, a 2.4 kW peak motor, an IDC-certified range of 142 km, and a real-world range of over 100 km. It also features 12-inch wheels, telescopic front suspension, and dual rear shock absorbers for handling various road conditions.

The battery is designed for a long life of 2,00,000 km and comes with a 5-year/75,000 km warranty, further enhancing the total cost of ownership advantage.

Filing to action

What to do with a filing like this

Greaves Cotton Limited filed this with the NSE as a statutory disclosure, categorised under product launches. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.

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Primary source

A plain-language summary of a public exchange filing by Greaves Cotton Limited. Read the original for the full detail.

View original filing