Knowledge (XXG)

Greaves Cotton

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In Oct 2018, the group first invested ₹77 crore in Coimbatore-based electric vehicle (EV) manufacturer Ampere Vehicles by acquiring a 67.34% stake. Within a year, the company again invested ₹38.49 crore and increased the stakes to 81.23% in Jul 2019. Greaves Cotton wholly owned the Coimbatore-based
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In May 2019, the company launched a high-speed electric scooter named Ampere Zeal that meets the specifications of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II policy of the Indian government. The e-scooter Zeal has a top speed of 55 kmph and a range of 75 km on a one-time
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In Aug 2023, Greaves Retail, a part of the group, launched a range of batteries for an e-rickshaw named Power Raja. In FY2023, Greaves Electric Mobility (GEM), a part of the group solely earned revenue from ₹2,700 crores contributing 42% of its total revenue that was ₹6,429 crore.
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In Oct 2017, the group company strategically partnered with US and Bengaluru-based start-up company Altigreen Propulsion Labs to provide a range of clean energy powertrain solutions for three-wheeler and micro four-wheeler commercial vehicles.
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In Feb 2023, the company announced the agreement by signing the binding terms to acquire a 100% stake through multiple tranches in Excel ControLinkage Pvt. Ltd. The acquisition will cost ₹385 crore and it will be completed in four phases.
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In Jun 2021, the company signed an MoU with the Tamil Nadu government to invest about ₹700 crore over ten years for a plant with an annual capacity of 1 million units, with the initial production capacity being 1 lakh units per annum.
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In Sep 2021, the company launched its first multi-brand electric vehicle (EV) retail store named AutoEVmart in Bengaluru with 8,000 sqft space which has e-vehicles, retrofitted accessories and after-sales for electric car experience.
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In Jan 2023, the group company partnered with UK-based electric drive system design company Eta Green Power to share the rights of their technology in the Indian two and three-wheeler segment.
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The company was founded in 1859 by James Greaves and George Cotton. It was incorporated in 1922 as a private limited company. Greaves Cotton was purchased by Lala
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charge of 5.5 hours. In FY2019, the company reported a growth of 11% with ₹1,988 crore as compared to last year with ₹1,790 crore.
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The company had 200 distributors, a total of 8,000 retail stores and 20,000 mechanics present all over India in October 2023.
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electric vehicle manufacturer Ampere Electric Vehicles. The acquisition marked the entry into the ever-booming EV industry.
1158: 467:""I think for India the real opportunity is in the China plus one strategy," says Greaves Cotton's Akhila Balachandar" 620: 314:
In FY2013, the company reported a growth of 6.84% with ₹1,873 crore compared to FY2012 with ₹1,753 crore.
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The company produces powertrains for diesel, petrol, kerosene and gasoline engines, diesel pump sets,
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Greaves Electric Mobility - designing and manufacturing of two and three wheelers electric vehicles
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plant as part of its exercise for consolidation of plants and shifted all the operations to
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engines and heavy equipment (automotive and non-automotive). The company is traded on the
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Greaves Technologies Limited - engineering research and development and digital services
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Greaves Retail and Distribution - retail and servicing for e3W, ICE 3W, and SCV
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Greaves Engineering - fuel agnostic powertrain solutions (auto and non-auto)
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Greaves Finance Limited - financing solutions for electric vehicles
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in 1947. It was converted into a public limited company in 1950.
810:"Excel Controlinkage targets trebling revenues to Rs 500 crore" 1151: 1016:"Greaves Cotton to acquire Excel ControLinkage for Rs 385 cr" 247: 757:"Greaves Cotton gains on launch of new e-rickshaw batteries" 784:"Greaves diversifies business as e-mobility drives revenue" 520:"Greaves diversifies business as e-mobility drives revenue" 646:"Greaves Cotton launches high speed e-scooter Ampere Zeal" 321:
In Dec 2020, due to Indian government emission norms from
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Companies listed on the National Stock Exchange of India
948:"Goal is to create ecosystem for EVs: Greaves Cotton MD" 621:"Greaves Cotton foresees subdued biz for 3-4 quarters" 1061:"Greaves Cotton prepares for new mobility landscape" 242: 209: 175: 165: 136: 116: 101: 80: 43: 33: 1207:Companies listed on the Bombay Stock Exchange 8: 844:"Greaves Retail to expand overseas presence" 546:"Greaves Retail to expand overseas presence" 19: 375:Retail company exports its spares parts to 107: 25: 18: 808:Mukherjee, Sharmistha (24 January 2024). 492:Mudholkar, Niranjan (15 November 2019). 1182:Manufacturing companies based in Mumbai 730:Bhatia, Shubhangi (29 September 2021). 430: 1112:Sen Gupta, Nandini (27 January 2023). 1042: 1032: 265:engineering company that manufactures 7: 1212:Indian companies established in 1922 1197:1859 establishments in British India 1192:Indian companies established in 1859 946:Mishra, Lalatendu (2 October 2021). 568: 566: 704:James, Nandana (12 February 2021). 465:Wadhwa, Nilesh (5 September 2023). 1014:Bureau, BL Mumbai (8 April 2023). 980:Mishra, Lalatendu (8 April 2023). 920:Baggonkar, Swaraj (24 June 2021). 14: 1159:Business profile at indiacom.com 842:Ahmed, Aroosa (1 October 2023). 544:Ahmed, Aroosa (1 October 2023). 286:National Stock Exchange of India 782:Sachdev, Alisha (31 May 2023). 518:Sachdev, Alisha (31 May 2023). 1187:Engineering companies of India 361:Greaves Cotton group companies 1: 868:Panday, Amit (15 July 2019). 189:(Non Executive Vice Chairman) 678:Panday, Amit (27 May 2019). 578:economictimes.indiatimes.com 396:Investments and acquisitions 325:, the company shut down its 1228: 16:Indian engineering company 24: 899:Ampere Electric Vehicles 494:"In the right direction" 200:Akhila Balachandar (CFO) 20:Greaves Cotton Limited 1091:Business-standard.com 290:Bombay Stock Exchange 601:. Greaves Cotton Ltd 574:"The Economic Times" 471:Financialexpress.com 1163:Company history at 473:. Financial Express 259:Greaves Cotton Ltd. 196:(Managing Director) 186:Nagesh Basavanhalli 138:Number of locations 21: 1118:The Times of India 1067:. 14 December 2017 1045:has generic name ( 814:The Economic Times 305:Karam Chand Thapar 1165:economictimes.com 901:. 14 January 2020 256: 255: 221:Electric Vehicles 1219: 1155: 1154: 1152:Official website 1137: 1136: 1134: 1132: 1109: 1103: 1102: 1100: 1098: 1093:. 4 October 2017 1083: 1077: 1076: 1074: 1072: 1057: 1051: 1050: 1044: 1040: 1038: 1030: 1028: 1026: 1011: 1005: 1004: 1002: 1000: 977: 971: 970: 968: 966: 943: 937: 936: 934: 932: 917: 911: 910: 908: 906: 891: 885: 884: 882: 880: 865: 859: 858: 856: 854: 839: 833: 832: 830: 828: 805: 799: 798: 796: 794: 779: 773: 772: 770: 768: 763:. 29 August 2023 753: 747: 746: 744: 742: 727: 721: 720: 718: 716: 701: 695: 694: 692: 690: 675: 669: 668: 666: 664: 642: 636: 635: 633: 631: 617: 611: 610: 608: 606: 595: 589: 588: 586: 584: 570: 561: 560: 558: 556: 541: 535: 534: 532: 530: 515: 509: 508: 506: 504: 489: 483: 482: 480: 478: 462: 456: 455: 453: 451: 435: 267:clean technology 252: 249: 197: 190: 112: 111: 29: 22: 1227: 1226: 1222: 1221: 1220: 1218: 1217: 1216: 1172: 1171: 1150: 1149: 1146: 1141: 1140: 1130: 1128: 1111: 1110: 1106: 1096: 1094: 1085: 1084: 1080: 1070: 1068: 1059: 1058: 1054: 1041: 1031: 1024: 1022: 1013: 1012: 1008: 998: 996: 979: 978: 974: 964: 962: 945: 944: 940: 930: 928: 919: 918: 914: 904: 902: 893: 892: 888: 878: 876: 867: 866: 862: 852: 850: 841: 840: 836: 826: 824: 807: 806: 802: 792: 790: 781: 780: 776: 766: 764: 755: 754: 750: 740: 738: 729: 728: 724: 714: 712: 703: 702: 698: 688: 686: 677: 676: 672: 662: 660: 652:. 28 May 2019. 644: 643: 639: 629: 627: 619: 618: 614: 604: 602: 597: 596: 592: 582: 580: 572: 571: 564: 554: 552: 543: 542: 538: 528: 526: 517: 516: 512: 502: 500: 498:Themachinist.in 491: 490: 486: 476: 474: 464: 463: 459: 449: 447: 438:Vijay M, Amit. 437: 436: 432: 427: 415: 398: 363: 351: 301: 246: 238: 233:Control Systems 230:Auxiliary Power 205: 195: 194: 188: 187: 178: 168: 161: 139: 132: 106: 97: 76: 48: 17: 12: 11: 5: 1225: 1223: 1215: 1214: 1209: 1204: 1199: 1194: 1189: 1184: 1174: 1173: 1168: 1167: 1161: 1156: 1145: 1144:External links 1142: 1139: 1138: 1104: 1078: 1052: 1006: 972: 938: 912: 886: 860: 834: 800: 774: 748: 722: 696: 670: 637: 612: 590: 562: 536: 510: 484: 457: 429: 428: 426: 423: 414: 411: 397: 394: 393: 392: 389: 386: 385: 384: 370: 367: 362: 359: 350: 347: 335:the Aurangabad 300: 297: 288:(NSE) and the 254: 253: 244: 240: 239: 237: 236: 235: 234: 231: 228: 225: 224:Farm Equipment 222: 219: 213: 211: 207: 206: 204: 203: 202: 201: 198: 191: 181: 179: 176: 173: 172: 169: 166: 163: 162: 160: 159: 158: 157: 154: 151: 148: 142: 140: 137: 134: 133: 120: 118: 114: 113: 103: 99: 98: 96: 95: 94: 93: 90: 84: 82: 78: 77: 75: 74: 73: 72: 63: 51: 49: 44: 41: 40: 35: 31: 30: 15: 13: 10: 9: 6: 4: 3: 2: 1224: 1213: 1210: 1208: 1205: 1203: 1200: 1198: 1195: 1193: 1190: 1188: 1185: 1183: 1180: 1179: 1177: 1170: 1166: 1162: 1160: 1157: 1153: 1148: 1147: 1143: 1127: 1123: 1119: 1115: 1108: 1105: 1092: 1088: 1082: 1079: 1066: 1062: 1056: 1053: 1048: 1036: 1021: 1017: 1010: 1007: 995: 991: 987: 983: 976: 973: 961: 957: 953: 949: 942: 939: 927: 923: 916: 913: 900: 896: 890: 887: 875: 871: 864: 861: 849: 845: 838: 835: 823: 819: 815: 811: 804: 801: 789: 785: 778: 775: 762: 758: 752: 749: 737: 733: 726: 723: 711: 707: 700: 697: 685: 681: 674: 671: 659: 655: 651: 647: 641: 638: 626: 625:Deccan Herald 622: 616: 613: 600: 594: 591: 579: 575: 569: 567: 563: 551: 547: 540: 537: 525: 521: 514: 511: 499: 495: 488: 485: 472: 468: 461: 458: 445: 444:Autocarpro.in 441: 434: 431: 424: 422: 419: 412: 410: 406: 402: 395: 390: 387: 382: 378: 374: 373: 371: 368: 365: 364: 360: 358: 356: 348: 346: 342: 338: 336: 332: 328: 324: 319: 315: 312: 310: 306: 298: 296: 293: 291: 287: 283: 279: 275: 272:products for 271: 268: 264: 261:is an Indian 260: 251: 248:greavescotton 245: 241: 232: 229: 226: 223: 220: 217: 216: 215: 214: 212: 208: 199: 192: 185: 184: 183: 182: 180: 174: 170: 164: 155: 152: 149: 146: 145: 144: 143: 141: 135: 131: 127: 123: 119: 115: 110: 104: 100: 92:Manufacturing 91: 88: 87: 86: 85: 83: 79: 71: 67: 64: 62: 58: 55: 54: 53: 52: 50: 47: 42: 39: 36: 32: 28: 23: 1169: 1129:. 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Autocarpro 443: 433: 420: 416: 407: 403: 399: 352: 343: 339: 320: 316: 313: 309:Thapar Group 302: 294: 263:conglomerate 258: 257: 117:Headquarters 34:Company type 1131:21 December 1097:21 December 1071:21 December 1043:|last= 1025:21 December 999:21 December 965:21 December 931:21 December 879:21 December 853:21 December 793:21 December 767:21 December 741:21 December 715:21 December 689:21 December 663:21 December 630:21 December 583:21 February 555:21 December 529:16 February 503:21 December 477:21 December 413:Partnership 227:Spare Parts 167:Area served 126:Maharashtra 89:Engineering 1176:Categories 905:29 January 827:6 February 736:ETAuto.com 450:16 January 425:References 381:Bangladesh 331:Tamil Nadu 323:BS4 to BS6 270:powertrain 177:Key people 153:Aurangabad 105:1859  70:GREAVESCOT 1126:0971-8257 994:0971-751X 986:The Hindu 960:0971-751X 952:The Hindu 822:0013-0389 658:0971-751X 650:The Hindu 377:Sri Lanka 193:Arup Basu 46:Traded as 1035:cite web 349:Products 210:Products 81:Industry 605:13 July 355:gensets 337:plant. 327:Ranipet 307:of the 299:History 292:(BSE). 243:Website 218:Engines 156:Chennai 102:Founded 68::  59::  1124:  992:  958:  820:  656:  278:diesel 274:petrol 147:Mumbai 122:Mumbai 61:501455 38:Public 171:India 130:India 1133:2023 1122:ISSN 1099:2023 1073:2023 1047:help 1027:2023 1001:2023 990:ISSN 967:2023 956:ISSN 933:2023 907:2020 881:2023 874:mint 855:2023 829:2024 818:ISSN 795:2023 788:mint 769:2023 743:2023 717:2023 691:2023 684:mint 665:2023 654:ISSN 632:2023 607:2013 585:2017 557:2023 531:2024 524:mint 505:2023 479:2023 452:2024 379:and 280:and 250:.com 150:Pune 282:CNG 66:NSE 57:BSE 1178:: 1120:. 1116:. 1089:. 1063:. 1039:: 1037:}} 1033:{{ 1018:. 988:. 984:. 954:. 950:. 924:. 897:. 872:. 846:. 816:. 812:. 786:. 759:. 734:. 708:. 682:. 648:. 623:. 576:. 565:^ 548:. 522:. 496:. 469:. 442:. 329:, 276:, 128:, 124:, 1135:. 1101:. 1075:. 1049:) 1029:. 1003:. 969:. 935:. 909:. 883:. 857:. 831:. 797:. 771:. 745:. 719:. 693:. 667:. 634:. 609:. 587:. 559:. 533:. 507:. 481:. 454:. 383:.

Index


Public
Traded as
BSE
501455
NSE
GREAVESCOT
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Mumbai
Maharashtra
India
greavescotton.com
conglomerate
clean technology
powertrain
petrol
diesel
CNG
National Stock Exchange of India
Bombay Stock Exchange
Karam Chand Thapar
Thapar Group
BS4 to BS6
Ranipet
Tamil Nadu
the Aurangabad
gensets
Sri Lanka
Bangladesh
"EV sales could fall by over 50% if FAME subsidy not extended, says Corporate India"

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