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Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc.(Source : 202003 Annual Report Page No:98)
Greaves Cotton has completed the acquisition of Excel Controlinkage Private Limited by acquiring the remaining 20% stake, making Excel a wholly-owned subsidiary. Excel is a leader in mechanical and electronic motion control systems, including push-pull cables and levers, serving commercial vehicles and other heavy equipment. The initial acquisition of a...
Greaves Cotton has strengthened its Electric Vehicle (EV) business, Greaves Electric Mobility (GEML), by fully subscribing to its rights issue. The company injected approximately ₹331.12 Cr into GEML, part of a total ₹530 Cr rights issue. This investment ensures Greaves Cotton maintains its 62.48% majority stake in GEML. The funds...
Greaves Cotton has strategically expanded its global footprint by incorporating Greaves International Trading FZE (GITFZE) as a 100% wholly-owned subsidiary in the United Arab Emirates. This new entity will spearhead international trading and distribution of the company's products and services. The move is designed to strengthen Greaves Cotton's global market...
Greaves Cotton is fueling its electric vehicle ambitions! The company announced a Rs. 50 Cr investment into its wholly-owned financing arm, Greaves Finance Limited (GFL). GFL specializes in financing electric 2-wheelers, 3-wheelers, and lease options for last-mile delivery. This cash infusion will boost GFL's operations and lending capacity, supporting its...
Greaves Cotton is boosting its EV ecosystem by investing INR 22 Cr in its wholly-owned subsidiary, Greaves Finance Limited (GFL). GFL specializes in financing electric 2-wheelers and 3-wheelers. This capital infusion will strengthen GFL's balance sheet by capitalizing borrowings, enabling it to expand its lending operations and support the growing...