By admin 
Electric vehicle maker Ampere Vehicles has shown signs of recovery as the company posted single digit revenue growth in FY25, after the company had seen its revenue fall sharply by 46% in FY24. The company also managed to curb its losses in the same period. Ampere’s operating revenue grew 8% to Rs 659 crore in FY25 from Rs 612 crore in FY24, according to its financial statements sourced from the Registrar of Companies (RoC).
On the spending side, cost of material accounted for 64% of the total expense. This cost rose 12% to Rs 589 crore in FY25 from Rs 527 crore in FY24. Employee benefit expenses declined 22% to Rs 79 crore, while advertising and promotional spends jumped 30% to Rs 43 crore during the year. Depreciation expenses climbed 41% to Rs 45 crore in FY25 from Rs 32 crore in FY24. Other overheads, including warranty claims, finance costs and miscellaneous expenses, added another Rs 205 crore in FY25. Overall, total expenses increased 7% to Rs 918 crore in FY25 from Rs 857 crore in FY24.
Ampere managed to cut its losses by 65% to Rs 240 crore in FY25 from Rs 691.5 crore in FY24. Its ROCE and EBITDA margin improved to -85.27% and -30.50% respectively. On a unit basis, Ampere spent Rs 1.39 to earn every rupee of operating revenue during the year, marginally better than Rs 1.40 in FY24. As of March 2025, the company reported cash and bank balances of Rs 25 crore, while its current assets stood at Rs 263 crore.
About Ampere
Ampere has been founded by Hemalatha Annamalai, a visionary entrepreneur who started the company with her husband to build eco-friendly transport, becoming a prominent figure in India’s electric vehicle industry, later acquired by Greaves Cotton. Ampere refers to several distinct companies, primarily Ampere Electric (India), a major electric two-wheeler manufacturer under Greaves Electric Mobility, and Ampere Computing, a semiconductor company designing ARM-based CPUs for cloud/AI.