Greaves buys more shares in Ampere Vehicles

Greaves Cotton has increased its shareholding in its subsidiary Ampere Vehicles to 81.23 percent from 67.34 percent. Greaves acquired 25,73,529 equity shares by way of investment through primary and secondary purchase for a total consideration of Rs. 38.49 crore. This investment follows the acquisition of Ampere Vehicles by Greaves in October 2018 with 67.34 percent stake for Rs. […]

Greaves e-rickshaws: 1000 customers and counting

Greaves Cotton crosses a new milestone of 1000 e-rickshaw sales in India. These e-rickshaws are widely preferred due to superior cost economics, higher savings-per-km of the usage, extensive aftermarket support of spares, service, charging and financing options, said the company. Greaves has been retailing eco-friendly e-rickshaws through a select network of 325+ retail outlets & […]

Well-rounded budget, says Greaves Cotton

Engineering company Greaves Cotton Limited has said that Indian budget is a well-rounded one aiming to prep the economy for the $5 trillion climb Nagesh Basavanhalli, MD & CEO, Greaves Cotton, said, “Budget 2019 lays emphasis on infrastructure, education, rural economy and certain structural reforms within GST and Banking sector aimed at boosting ease of doing […]

Greaves Cotton to acquire Ampere Vehicles

Greaves Cotton will acquire a majority stake in Electric Vehicle company Ampere Vehicles Private Limited. This acquisition will accelerate the development of clean energy technology solutions for the mobility needs of passengers and small businesses. “Greaves has been a trusted brand since 1859 and is well known for the reliability of its products, a strong […]