Ampere Electric Scooters (Greaves Electric Mobility) Franchise

Ways to Partner with Ampere Electric Scooters (Greaves Electric Mobility)

1 partner model published by the brand. Figures it doesn't publish are left blank.

What the press, courts and real franchisees or customers have said about Ampere Electric Scooters (Greaves Electric Mobility) — summarised by us, with every source linked.

• regulatory· 2024-12-23

  FAME-II subsidy recovery notice (May 2023)

  The Ministry of Heavy Industries proposed recovering FAME-II incentives, with interest, and deregistering it from the FAME-II scheme. It refunded ₹139.98 Cr (₹124.91 Cr subsidy plus interest) without admitting the allegations, and in Aug 2024 undertook not to claim FY20-FY23 subsidy.

  Source: Draft red herring prospectus, risk factors
• Franchisee view· 2023-12-09

  Ex-dealers allege deductions of subsidy amounts

  Electronics For You (9 Dec 2023) reported that dealers alleged Greaves deducted FAME-II subsidy amounts from their accounts, and complained of service and spares support. The company (reply unattributed to a named person) called the story factually incorrect and said some dealers were running a campaign against it. These are allegations by dealers, disputed by the company.

  Source: Electronics For You
• In the news· 2024-12-23

  Dealer count and losses in the Dec 2024 filing

  Electric two-wheeler dealers fell from 372 (Mar 2023) to 329 (Mar 2024) and 309 (Sep 2024); restated loss was ₹691.6 Cr in FY24.

  Source: Draft red herring prospectus
• Award

  Awards listed by Ampere

  Ampere lists Magnus G Max as Family Scooter of the Year 2026 (Times Drive Auto Summit) and Magnus Grand as Electric Scooter of the Year 2026 (Bike India Awards). Brand-published, not independently checked.

  Source: Ampere About page (the brand's own site)

Key Terms at Ampere Electric Scooters (Greaves Electric Mobility)

The clauses that shape day-to-day running and your exit — read these before the fee.

Selling the franchise

Per the Dec 2024 draft prospectus, dealership agreements typically give non-exclusive, limited and non-transferable rights to sell Ampere products bought from the company, provide after-sales service and use its marks.

Stock & returns

Per the Dec 2024 draft prospectus, dealers must stock adequate quantities and varieties of products, with parts and accessories, based on estimated purchase orders.

Legal & Contract Summary

Key contract terms at a glance — read before you sign.

Who Can Apply for Ampere Electric Scooters (Greaves Electric Mobility)

Conditions the brand sets for partners, and the licences the business needs.

• Minimum area: 2,000 sq ftRequired
• Showroom: 1,200 sq ftRequired
• Workshop: 800 sq ftRequired
• Frontage: 35 ftRequired
• Documents (can be prepared after applying): PAN, balance sheet, funds for billing, property details, net-worth statement, firm registration documents, last 6 months' bank statements, bank guarantee letter or CC limitRequired

About the Brand

Ampere Electric Scooters (Greaves Electric Mobility) Outlet Network

Cities with Outlets

The franchisor's own company health — separate from what a single franchise outlet earns.

A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.

Company Health Check

What Ampere Electric Scooters (Greaves Electric Mobility)'s franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.

Auditor

Deloitte Haskins & Sells LLP

Source: Draft red herring prospectus filed with SEBI (Dec 2024); MCA21 master data not read (checked Dec 2024)

How Ampere Electric Scooters (Greaves Electric Mobility) looks once the numbers are checked side by side.

• •Investment below the Automobile & EV medianMidpoint ₹0 L vs a category median of ₹35 L across brands on FranchiseChuno.
• !The franchisor company is loss-makingIts latest filed accounts show a net loss. Franchisors that lose money can cut support or change terms — ask how franchise operations are funded.
• ✓Brand operating for 18 yearsFounded in 2008. The brand doesn't state when franchising began.
• !3 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.

Ask Before You Sign

Questions tailored to what Ampere Electric Scooters (Greaves Electric Mobility) does and doesn't publish.

1. 1Speak to at least 3 franchisees who have run an outlet for 2+ years and see their actual monthly sales and profit — a franchisor making money doesn't mean its franchisees do.
2. 2Ask for every upfront payment in writing — deposit, onboarding, equipment or stock — and which parts are refundable.
3. 3Ask exactly how your margin or commission is calculated, when it's paid, and whether the brand can change it.
4. 4Ask for the agreement term, renewal fee and exit or transfer terms.
5. 5Ask whether you get an exclusive territory, and how large it is.
6. 6Ask how the franchisor funds training and support while it's loss-making.
7. 7Ask the brand to respond to each red flag listed under Reputation & News.
8. 8Have a lawyer review the franchise agreement before paying anything.
9. 9Visit 2–3 existing outlets and speak to their owners without the brand present.

What Ampere Electric Scooters (Greaves Electric Mobility) franchisees say

We haven't yet heard from enough Ampere Electric Scooters (Greaves Electric Mobility) franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.