PRESS RELEASE
India, Apr 17, 2026
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India's electric scooter market looks crowded and chaotic from the outside — dozens of brands, bold claims, and enough spec-sheet noise to overwhelm any buyer. The only way to navigate it honestly is to understand who has actually been doing this long enough to have learned from their mistakes, and who is still learning on their customers' money.
Ampere by Greaves Electric Mobility is one of a very small number of Indian EV brands that can trace a continuous operating history back to 2008 — 17 years of building, selling, servicing, and iterating electric two-wheelers in India. This is that story, told without the marketing gloss.
| Year | Milestone | Context |
|---|---|---|
| 2008 | Ampere Vehicles founded, Coimbatore | Focus on affordable low-speed e-scooters for South India |
| 2011–2015 | Expansion through South Indian markets | Lead-acid era; range was limited but cost remained accessible |
| 2016–2017 | Lithium-ion transition begins | Early Li-ion models introduced; range improves meaningfully for daily riders |
| 2018 | Acquired by Greaves Cotton Limited | Backed by a 165-year-old engineering group; manufacturing scale-up begins |
| 2019–2020 | FAME II subsidies reshape the market | New competitors enter; Ampere expands to 200+ cities across India |
| 2021 | Ola Electric and Ather scale rapidly | Premium EV segment heats up; Ampere strengthens its value positioning |
| 2022–2023 | Industry-wide quality and fire incidents emerge | Several brands face safety recalls; Ampere's LFP focus gains credibility |
| 2024 | Ampere Nexus launched as flagship LFP scooter | Mid-premium segment entry with a 5-year warranty commitment |
| 2025 | 5-year warranty extended to Grand and G Max | Magnus Grand and G Max receive 5-year / 75,000 km coverage |
| 2026 | Reo 80 launched at ₹59,900 | Ultra-budget LFP entry; 420+ dealerships across 309+ cities nationwide |
Timeline compiled from Greaves Electric Mobility announcements, BikeWale, BikeDekho, and industry records.
Greaves Cotton is not a startup. Founded in 1859 and listed on BSE and NSE, it is one of India's oldest engineering conglomerates with a 165-year legacy spanning diesel engines, farm equipment, and now electric mobility. When it acquired Ampere in 2018, it brought three things most pure-play EV startups fundamentally lack:
Greaves Electric Mobility now operates three distinct brands: Ampere Electric Vehicles for two-wheelers, ELE for premium segments, and Greaves 3-Wheelers for commercial vehicles.
| Brand | Founded | Backing | Price Range | Battery Focus | Service Network |
|---|---|---|---|---|---|
| Ampere (Greaves) | 2008 | Listed conglomerate (165 yrs) | ₹59,900–₹1.30L | LFP across all models | 420+ dealers, 309+ cities |
| Ather Energy | 2013 | Hero MotoCorp (partial stake) | ₹1.30L–₹2.00L+ | NMC Li-ion, Ather Grid | Primarily metros and Tier-1 |
| Ola Electric | 2017 | SoftBank-backed startup | ₹99,999–₹1.80L+ | NMC Li-ion | Own-brand service, expanding |
| TVS iQube | Legacy OEM (TVS since 1978) | Listed — TVS Motor Co. | ₹1.00L–₹1.85L+ | Li-ion | Extensive TVS dealer network |
| Bajaj Chetak | Legacy OEM (Bajaj since 1945) | Listed — Bajaj Auto | ₹99,500–₹1.50L+ | Li-ion, IP67 | Extensive Bajaj dealer network |
| Hero Vida | Legacy OEM (Hero since 1956) | Listed — Hero MotoCorp | ₹1.10L–₹1.50L+ | Li-ion, dual removable | Hero dealer network |
Source: Brand websites, BikeDekho, ZigWheels, April 2026.
Ampere's early scooters used lead-acid batteries — heavy, short-range, and slow to charge. The value of this phase was not the products themselves. It was the service network learning, the deep understanding of how Indian riders actually use electric scooters in daily life, and the dealer relationship building that most later entrants simply skipped entirely when they entered the market.
Moving to lithium-ion batteries transformed the product experience for riders. The FAME II scheme created a subsidy-driven growth moment that flooded the market with new entrants. Several brands that entered during this period cut corners on quality or thermal management — leading to the fire incidents of 2021 and 2022 that shook consumer confidence across the entire Indian EV industry. Ampere's deliberate pivot to LFP chemistry as a stated safety and durability priority, while some competitors stayed with cheaper NMC configurations, defined the brand's current market direction.
The launch of the Nexus brought Ampere into the mid-premium segment for the first time — a ₹1.10 to ₹1.30 lakh scooter with a 7-inch TFT touchscreen, Nex.io connected ride system, 93 km/h top speed, and a 5-year battery warranty. The Magnus Grand and G Max were subsequently upgraded to 5-year or 75,000 km battery coverage. By 2026, every single Ampere model from the ₹59,900 Reo 80 to the flagship Nexus ST uses LFP chemistry across the entire lineup.
| Metric | Ampere | Ather | Ola Electric | TVS iQube | Bajaj Chetak |
|---|---|---|---|---|---|
| Entry price (ex-Delhi) | ₹59,900 | ~₹1.30L | ~₹99,999 | ~₹1.00L | ~₹99,500 |
| Top model price | ~₹1.30L | ~₹2.00L+ | ~₹1.80L+ | ~₹1.85L+ | ~₹1.50L |
| Battery type across all models | LFP — entire lineup | NMC Li-ion | NMC Li-ion | Li-ion | Li-ion |
| Battery warranty (top models) | 5 yr / 75,000 km | 3 yr (ext. available) | 3 yr | 3 yr / 50,000 km | 3 yr / 50,000 km |
| Real-world range (flagship) | 100–105 km (Nexus) | ~120–130 km (450X) | ~150–200 km (S1 Pro) | ~100 km (iQube ST) | ~100–110 km (Chetak) |
| Dealer network | 420+ / 309+ cities | Primarily metros | Own stores + expanding | TVS extensive | Bajaj extensive |
| Running cost | ₹0.12–₹0.18/km | ~₹0.20–0.25/km | ~₹0.14–0.20/km | ~₹0.20/km | ~₹0.20/km |
| Brand age in EVs | 17 years (since 2008) | 13 years (since 2013) | ~9 years (since 2017) | Legacy OEM, EV ~5 yr | Legacy OEM, EV ~4 yr |
Sources: Brand websites, BikeDekho, ZigWheels, Autocar India. April 2026.
No honest brand assessment skips the weaknesses. Here is where Ampere genuinely falls short compared to competitors in 2026:
The Indian EV market has had its share of brands that launched with aggressive pricing, collected customer deposits, delivered inconsistently, and either shut down entirely or sharply reduced service support within a few years. Ampere has not had a product recall related to battery fires. It has not closed dealerships en masse. It has not disappeared from the markets it entered.
For a first-time EV buyer in a tier 2 or tier 3 city — someone for whom an accessible local service centre is not optional but essential — Ampere's 420-plus dealer network across 309-plus cities, backed by Greaves Cotton's established logistics infrastructure, is a genuinely differentiating advantage that a startup brand simply cannot replicate quickly no matter how large their marketing budget.
17 years. ₹59,900 to ₹1.30 lakh. LFP across every single model. 5-year warranty on the Grand, G Max, and Nexus. 3-year warranty on the Reo 80 and Magnus Neo. 420-plus dealers. This is not a startup story. It is a sustained, imperfect, honestly presented commitment to accessible electric mobility — and it is still evolving.