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Greaves Cotton Limited ( (IN:GREAVESCOT) ) has issued an update.
Greaves Electric Mobility, the EV arm of Greaves Cotton, has entered the Nepal market by launching its flagship Ampere Nexus electric scooter in partnership with STC Auto Solution. Positioned as a terrain-ready premium scooter, the Nexus targets Nepal’s steep, rugged landscapes and intensive daily use, leveraging its performance credentials from challenging Indian routes such as Kolli Hills and Shipki La Pass.
The Ampere Nexus features an LFP battery, strong torque delivery, and a 7-inch TFT touchscreen with Nex.io for full-screen navigation, connectivity, and real-time vehicle monitoring, supported by the Ampere Connect app. This move marks a strategic step in Greaves Electric Mobility’s international expansion and underlines its intent to support Nepal’s transition to clean mobility while building a foothold in other markets within the country over time.
More about Greaves Cotton Limited
Greaves Cotton Limited is a diversified Indian engineering company with a 165-year legacy and strong brand recognition, historically known for its single-cylinder diesel engines. Through its subsidiary Greaves Electric Mobility, the group has become an early mover in India’s electric vehicle space, focusing on electric two-wheelers under the Ampere brand for emerging markets and challenging terrains.
Average Trading Volume: 46,166
Technical Sentiment Signal: Hold
Current Market Cap: 36.05B INR
See more insights into GREAVESCOT stock on TipRanks’ Stock Analysis page.