Vijay Kedia's Portfolio EV-Stock in Focus as Company Launches New Electric Scooter, Ampere Reo 80
The stock is up by 64 per cent from its 52-week low of Rs 112.50 per share.
The Ampere Reo 80 electric scooter, priced at Rs 59,900, was launched by Greaves Cotton Limited through its subsidiary Greaves Electric Mobility Limited. The new model serves to extend electric mobility accessibility to more people while offering 80 km range per charge and coloured LCD cluster and safe LFP battery and keyless start. The Reo 80 is designed for diverse users, including first-time EV users and families, and does not require a license or registration. The launch is in line with Ampere's vision of 'Har Gully Electric' of sustainable mobility across India. Greaves Electric Mobility sold over 6,000 electric two-wheelers in March 2025 and recorded a 52 per cent month-on-month growth for the same. Mr. K. Vijaya Kumar, Executive Director & CEO, stated, '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.
Greaves Cotton Limited is a diversified engineering company with a 165-year-old history and three business verticals of engines, electric vehicles and infrastructure equipment. The company operates through five business units, one of which is Greaves Electric Mobility Ltd., which manufactures electric two-wheelers and three-wheelers.
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In FY24, the revenue was generated by the engines segment at 61 per cent while the electric mobility segment contributed around 23 per cent. Greaves Cotton is a leader in India's three-wheeler engine market and ranks fifth in electric mobility with 2.8 per cent market share in Q4 FY24. The company has eight manufacturing facilities, one of which is located at Ranipet and has an annual capacity of 5 lakh e-scooters. The electric two-wheeler segment has seen recent product launches by Greaves Cotton in the form of Greaves Eltra City and Nexus. Greaves Cotton is now expanding its focus to include fuel-agnostic engines and electric powertrain solutions, moving beyond diesel engines.
An ace investor, Vijay Kedia via his firm – Kedia Securities Pvt Ltd, bought 12,00,000 shares at Rs 208.87 per share aggregating to Rs 25,06,44,000 in December 2024. The company has a market cap of over Rs 4,000 crore. The stock is up by 64 per cent from its 52-week low of Rs 112.50 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.