EV Stock engaged in the manufacturing of engines, engine applications, and providing various solutions for the automobile industry jumps upto 6 percent in the day’s trade upon launching its new Electric Vehicle.
With a market capitalization of Rs. 3,335 Crores, the shares of Greaves Cotton Limited were trading at Rs. 143, up 5 percent from its previous day’s close price of Rs. 136.15.
Greaves Cotton Limited’s e-mobility arm Greaves Electric Mobility Private Limited has introduced its first high-performance family electric scooter, the Ampere Nexus, starting at Rs. 1,09,900. Ampere Nexus is entirely designed, developed, and manufactured in India, featuring multiple first-ever innovations and class-leading specifications.
Ampere Nexus has a 93 kmph top speed with five riding modes, a 136 km certified range, a 3 kWh safest LFP battery with 30 percent extra battery life, and a powerful mid-mount drive, this e-scooter delivers a seamless riding experience with its 4 kW peak motor power.
It has Best-in-class aerodynamics with unique air-cool architecture, 7″ TFT Touchscreen with SmartSense technology lightning-fast boot time enabled with Nex.IO™, the Safest LFP chemistry with 1.3 times more cycle life, and the fastest charging time of 3hr 22mins and has many other features.
Mr K. Vijaya Kumar, Executive Director & CEO of Greaves Electric Mobility Private Limited, said, “The launch of the Ampere Nexus high-speed electric scooter marks a momentous achievement in our commitment to sustainable transportation. This transition from leisurely to urban to high-speed models signifies a pivotal moment in our journey.
With each stride forward in democratizing e-mobility, we progress toward a more inclusive, sustainable future. The Ampere Nexus stands ready for those ready to Take Charge of their daily aspirations.”
Greaves Cotton Limited is engaged the manufacturing of engines, engine applications, and trading of power tillers, spares related to engines, electric vehicles, and infrastructure equipment, and providing various solutions for the automobile industry and others.
Its revenue from operations grew by 29.37 percent from Rs. 514 Crores in Q3FY23 to Rs. 665 Crores in Q3FY24, accompanied by a loss of Rs. 6 Crores to a profit of Rs. 46 Crores.
Written by Bharath KS
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