Greaves Cotton launches new electric scooter, Ampere Reo 80; check details

Shares of Greaves Cotton fell as much as 4.94% to hit an intraday low of ₹175.25 on the BSE after the company informed exchanges that its subsidiary Greaves Electric Mobility launched an electric two-wheeler Ampere Reo 80 starting at ₹59,900. On the National Stock Exchange, Greaves Cotton shares fell as much as 5.42% to hit an intraday low of ₹174.55.

"In its continued mission to make electric mobility accessible and affordable for every Indian, Ampere, the electric two-wheeler brand under Greaves Electric Mobility Limited (GEML), the electric mobility arm of Greaves Cotton Limited (GCL), proudly announces the launch of the all-new Ampere Reo 80 — a smart, safe, and economical electric scooter tailored for everyday use across India’s streets and neighbourhoods," the company said in a press release.

"Designed for the mass market and aligned with Ampere’s vision of ‘Har Gully Electric’, the new Reo 80 represents a major step in democratising smart and sustainable mobility for all segments of the population," Greaves Cotton added.

The new Reo 80 is Ampere’s upgraded version of its flagship scooter Reo, an e-2W, low speed escooter designed for sub-25 kmph speed. Deliveries of the new Ampere Reo 80 will begin across India starting April 2025.

“At Ampere, we are driven by the vision of enabling ‘Har Gully Electric’. With the launch of the all-new Ampere Reo 80, we are making electric mobility even more accessible and inclusive for our customers in India. This ensures that every rider, regardless of their budget or need, has a safe, reliable, and smart electric mobility option from Ampere," said K. Vijaya Kumar, Executive Director & CEO, Greaves Electric Mobility.

In quarter ended December 2024, Graves Cotton reported net profit of ₹4.89 crore, marking a decline of 44% from ₹8.77 crore in the same period last year. Its revenue from operations rose 13% to ₹50 crore in the third quarter as against ₹44.27 crore in the year-ago period.

As of 12:00 pm, Greaves Cotton shares traded 5.02% lower at ₹175.10, underperforming the BSE Smallcap index which was down 1.31%.