Greaves Cotton

Company likely to see net losses for FY23 & FY24

Greaves Cotton to acquire motion-control systems player Excel Controlinkage

Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500

Greaves Electric Mobility Pvt Ltd, the company's arm, has electric two-wheeler models Primus, Magnus EX and Reo Plus under the Ampere brand umbrella

Engineering company Greaves Cotton on Wednesday unveiled its range of electric two-wheeler and three-wheeler electric vehicles at the ongoing Auto Expo 2023. The company at the event unveiled three two-wheelers under Ampere brand series -- Ampere Primus, Ampere NXG and a multi-utility scooter Ampere NXU which can be also used for deliveries. In the commercial three-wheeler segment, the company unveiled an electric passenger vehicle Greaves ELP, cargo EV Greaves ELC and a futuristic cargo concept Greaves Aero Vision. Greaves Electric Mobility Private Ltd, CEO and Executive Director, Sanjay Behl said Ampere Primus will be available during the ongoing quarter, while rest of the vehicles will be made available during the course of next financial year. "Ampere Primus is now open for bookings across India. Rest of the vehicles will be launched in the next financial year," Behl said. Greaves Cotton Executive Vice Chairman Nagesh Basavanhalli at the event shared the company's commitment t

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

Abdul Latif Jameel will make an initial investment of Rs 1,160 crore for 35.8 per cent stake on a fully diluted basis in Greaves Electric Mobility

However, despite of today's rally the stock has underperformed the market by declining 28 per cent in the past one month as against a 8 per cent fall in the Sensex.

The company and Bounce Infinity have entered into an arrangement to provide battery swapping stations for Greaves Electric Vehicles.

Up 52% so far in Jan; demand has surged after EV arm reported strong sales

The stock has been in demand after the company's arm Greaves Electric Mobility reported strong sales for December 2021

Greaves Cotton's e-mobility arm Greaves Electric Mobility on Sunday said it sold over 10,000 units in December 2021.

Plans to invest Rs 700 cr in the sector over 10 years. With e-scooters, e-rickshaws and e-autos, the company currently operates in 85 per cent of the E-mobility sector

Spread in 35 acre, the plant is located in the industrial centre of Tamil Nadu and will serve as an e-mobility hub for both domestic and export markets

The Gujarat government has announced its new electric vehicle (EV) policy, which provides a purchase incentive of Rs 10,000/kWh for EVs with the segment-wise limits

The government increased the subsidy on electric two-wheelers by 50 per cent, under the second phase of the FAME India scheme, making them more affordable

In the past one week, the stock of Greaves Cotton has soared 18 per cent, as compared to 0.41 per cent rise in the S&P BSE Sensex

Diversified engineering company Greaves Cotton Ltd plans a capital expenditure of about Rs 110 crore this year of which majority will be on its electric two wheeler plant at Ranipet in Tamil Nadu

Greaves Cotton's revenue in the third quarter of Financial Year 2020-21 was Rs 495 crore compared Rs 520 crore a year ago

New electric vehicles (EV) capacity expansion plans in South India will help to provide best-in-class electric vehicles & help accelerate overall EV adoption in India, the company said