Greaves Cotton Showcases Six New Electric Two and Three-Wheelers At Auto Expo 2023

Nissan Rogue to run on Dunlop tyres

Greaves Cotton unveiled its new, ‘Made in India’ product offerings across two-wheelers and three-wheelers – including the e2w Ampere Primus – at the ongoing Auto Expo 2023 in Greater Noida, India today. Significantly, the engineering company announced that it will leverage its decades of engineering expertise to manufacture powertrains as it aims to lead last-mile passenger and cargo mobility through a complete EV ecosystem stack.

Since its foray into sustainable mobility, Greaves claims that it has committed a capital investment of INR 15 billion to boost India’s EV ecosystem to include –

Feature-rich electric Ampere two-wheelers – Ampere Primus, the high-speed B2C e-scooter targeted at modern millennials, along with Ampere NXG and Ampere NXU.

Futuristic Greaves electric three-wheelers – Greaves ELP, the passenger electric three-wheeler; Greaves ELC, the cargo electric three-wheeler; and Greaves Aero Vision, a futuristic cargo concept embodying performance and efficiency.

Powertrain to power the EV Industry – To introduce motor-controllers and integration software to meet the emerging needs of the EV ecosystem.

Growth of Greaves Finance and Greaves Retail – Shared initiatives undertaken with multi-brand retail stores, offering 15+ EVs, 50+ models, EV service and spares, in addition to EV financing for EV adoption across India.

Commenting on Greaves Cotton’s transition into a transformational catalyst for India’s EV ecosystem, Nagesh Basavanhalli, Executive Vice Chairman of Greaves Cotton, said, “Greaves Cotton is in the process of transitioning from a metal-based, manufacturing engineering company to an electric, electronic and mechatronics-based mobility technology company that is solving the 21st century challenges in clean and affordable last-mile mobility. The products and technology we have unveiled here today bear testimony to our purposeful stride towards emerging as India’s most complete EV ecosystem player. Each product, inspired by the Arctic Tern epitomises its sustainable spirit, aerodynamic efficiency for mobility and intelligent design. We are committed to help India transition to electric mobility while setting a new benchmark of scale, sophistication and diversity in the EV landscape. 2023 marks a new growth phase for us, as we provide holistic, end-to-end solutions and empower lives.”

Further announcing the Group’s foray in the electric powertrain business, Dr Arup Basu, Managing Director of Greaves Cotton, said, “The electric powertrain business is a natural progression for us, given our sound engineering legacy. For decades, we have been making in India and meeting the needs of our customers. With our in-depth knowledge of vehicle duty cycle expertise, we will meet the evolving needs in the mobility segment with the unveiling of electric powertrain technologies. It is exciting to be in this space with our EV technology stack.”

With technology as a key differentiator, the e-powertrain suite will be characterised by cutting-edge design, engineering, materials chemistry, weight and aesthetics that will be customised to the needs of OEM customers, states the engineering company. Each product will continue to represent the company’s ‘Make in India’ commitment, with a high level of localisation and components obtained domestically.

Targeted at modern millennial commuters and young families, Ampere Primus is poised to meet the needs of customers looking for higher speed, enhanced styling and better technology, according to Greaves. It is also open for bookings across India. The key highlights of the vehicle include –

• Performance: Top speed of 77 kmph, 0-40 kmph < 5 sec, efficient high torque 4 kW mid-mount motor and a true range of 100+ km on a full charge. Primus can be driven in four modes – Eco, City, Power and Reverse modes, for optimum rideability.

• Safety: 3 Kwh LFP battery technology with smart BMS that is phase 1, AIS 156 compliant.

• Durability: Longer battery life with LFP chemistry.

• Smart: Bluetooth connectivity and navigation with phone app for convenience.

• Comfort: Longer legroom, wider seats, better driveability.

• Style: Elegant styling with four metallic matt colours, including Himalayan White, Royal Orange, Havelock Blue and Buck Black.

In addition to the Primus, the company unveiled five additional new product concepts to meet consumer needs across segments and price points. These include –

Ampere NXG, a sophisticated electric scooter with IoT connectivity for the discerning customers in the passenger mobility space.
Ampere NXU, a robust and connected B2B electric scooter for multiple commercial applications, for the gig economy. It can also be a personal use vehicle for the family.

Additionally, Greaves unveiled three-wheelers for passenger and cargo mobility –

• Greaves ELP: An electric passenger three-wheeler that will empower auto drivers with disruptive cost savings.
• Greaves ELC: An electric cargo three-wheeler that will meet the growing demand in moving cargo, at a much lower cost to serve.
• Greaves Aero Vision: A futuristic cargo concept that will ensure that the needs of efficiency and performance are met in the evolving cargo mobility segment.

 

Comments (0)

ADD COMMENT

    MG Windsor Pro With Higher Range & Updated Tech To Be Launched On May 6th

    Windsor EV

    JSW MG Motor India is set to expand its EV portfolio with the MG Windsor Pro, which is set to be introduced on 6 May 2025.

    The MG Windsor Pro is expected to offer a higher range, more features, improved safety and minor design tweaks. While technical details are yet to be released, it is safe to understand that the company is looking to further drive sales of its popular EV, targeting a new set of customers.

    Launched on 11 September 2024, the company positioned the Windsor as a CUV (crossover utility vehicle) and the most comfortable EV in its segment.

    The Windsor EV has already surpassed 20,000 units sales since launch, and has been the highest selling electric passenger vehicle for the last several months in a row.

     

    Comments (0)

    ADD COMMENT

      Wardwizard Maintains Profitability in FY25 Despite Revenue Decline, PAT at INR 63.6 Million

      Wardwizard Innovations

      Gujarat-headquartered electric vehicle maker Wardwizard Innovations & Mobility, the maker of ‘Joy e-bike’ and ‘Joy e-rik’ brand, has reported a consolidated net profit of INR 63.6 million for FY2025, maintaining profitability for the fifth consecutive year despite industry headwinds and a 5.1 percent drop in annual revenue.

      The company’s total consolidated revenue stood at INR 3.04 billion, down from INR 3.2 billion last year. However, EBITDA rose 13.9 percent YoY to INR 3.6 billion, and EBITDA margins improved by 222 basis points to 12.11 percent, reflecting strong cost discipline and operational efficiency.

      Despite a 52.7 percent YoY dip in PAT, largely due to a high base in FY2024, Wardwizard remained in the black – underscoring resilience amid a challenging EV market environment.

      Yatin Sanjay Gupte, Chairman & MD, Wardwizard Innovations & Mobility, said, “While annual revenues saw a slight decline, EBITDA rose 14 percent YoY. Our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy.”

      In Q4 FY25 (Jan–Mar 2025), the company recorded a 62.2 percent YoY rise in PAT to INR 64.5 million, with EBITDA nearly doubling to INR 1.8 billion. PAT margins for the quarter expanded to 5.91 percent, and EBITDA margins reached 17.26 percent, reflecting improved product mix and cost optimisation.

      During the last fiscal, the company deployed over 400 electric two-wheelers across major cities like Kolkata, Pune, and Ahmedabad as well as the launch of L5 electric rickshaws in Maharashtra. Ongoing partnerships and a USD 1.29 billion EV initiative in the Philippines are expected to drive future growth.

      “With continued innovation and targeted execution, we are building a stronger foundation for long-term growth,” Gupte added.

      Comments (0)

      ADD COMMENT

        OPG Mobility Appoints Ajay Dhiman As President, COO & CTO To Lead EV Business

        Ajay Dhiman

        OPG Mobility (formerly Okaya EV) has appointed Ajay Dhiman as the new President – Chief Operating Officer (COO) and Chief Technology Officer (CTO) to lead its electric vehicle and EV components business.

        In this strategic leadership role, Dhiman will be responsible for operations and technology functions spanning manufacturing, R&D, product development, quality, sourcing, supply chain and business strategy.

        He joins OPG Mobility with over 20 years of experience in the automotive and EV sectors. He previously served as Senior Vice-President at Revolt Motors, where he is said to play a key role across CXO-level functions and was instrumental in accelerating product development and delivering high-quality electric mobility solutions. His career includes leadership stints at Honda, Renault-Nissan, Subros and Sonalika Group, contributing across two-wheeler, three-wheeler, and four-wheeler segments.

        Anshul Gupta, Managing Director, OPG Mobility, said, “We are delighted to have Ajay Dhiman join our leadership team at a pivotal moment in OPG Mobility's journey. As we step up our presence in the EV ecosystem, Ajay’s deep experience in product development and operations will be invaluable in scaling our EV and components business. His thorough knowledge of both legacy systems and new mobility technologies will drive value, innovation, and faster execution across our transformation journey.”

        Ajay Dhiman, added, “It’s an honour to join OPG Mobility at such a transformative time. The brand’s vision of delivering inclusive and innovative electric mobility solutions aligns strongly with my passion for engineering excellence, innovative products and future-focused manufacturing. I look forward to working closely with the leadership and teams to strengthen our product pipeline, accelerate product innovation, strengthen our technological edge, enhance operational excellence, and scale solutions that support India’s evolving mobility needs. We aim to position OPG Mobility as a frontrunner in shaping India’s electric mobility revolution.”

        Comments (0)

        ADD COMMENT

          Maharashtra Government Announces INR 19 Billion EV Policy 2025 To Drive Green Vehicle Adoption

          Electric Vehicle - Freepik

          The Maharashtra government has given rolled out the Electric Vehicle Policy 2025 for a period of five years (till 2030) with an estimated outlay of INR 19.93 billion.

          The forward-looking policy aims to not only incentivise purchase of electric vehicles, but also aims to boost adoption and real-world usage.

          As per the policy, certain EVs plying on highways will be given a toll waiver, EV charging infrastructure strengthened with an ambition have charging facilities every 25km on the national highways.

          Electric two-wheelers, three-wheelers, private four-wheelers, state transport corporation buses, private buses and transport undertaking under civic bodies will get concession of 10 percent on purchase of an EV on the original cost. For goods carrying three-wheelers, four-wheelers and electric tractors will be eligible to a concession of 15 percent.

          The government has also waived off registration fee on EVs. Lastly, electric four-wheelers and buses will also get toll exemption on Mumbai-Pune Expressway, Atal Setu, Samruddhi Mahamarg, along with 50 percent concession on state and other national highways.

          Devendra Fadnavis, Chief Minister of Maharashtra, said, "The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state."

          Comments (0)

          ADD COMMENT