Greaves Cotton Q3 FY24 standalone profit up 74% y-o-y to INR 65 cr
The company has reported that its standalone revenues increased by 21% y-o-y to INR 443 crore for the third quarter of fiscal year 2024.
Greaves Cotton Limited
Greaves Cotton Limited Overview
INDIA HO
MumbaiCOMPANY SIZE
1546INDIA HO
MumbaiCIN
L99999MH1922PLC000987TYPE
PublicCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
http://www.greavescotton.comFOUNDED
1922-03-29PAID-UP CAPITAL
488,413,590AUTHORISED CAPITAL
750,000,000Greaves Cotton Limited in News
Greaves Retail partners with Ugro Capital to offer dealer financing solutions
Under this collaboration, Ugro Capital will offer an array of comprehensive inventory funding options to all dealers of Greaves Retail to address their working capital requirements. This alliance aims to strengthen the dealers' purchasing power and facilitate smooth business transactions It aims to address the working capital requirements of over 180 distributors and 9000 dealers across the country, the company said.
How E3Ws impact drivers’ lives and promote inclusive, sustainable economic growth
E-rickshaws (E3Ws) possess the potential to drive inclusive and sustainable economic growth in India. By addressing transportation gaps, reducing pollution, and improving the lives and livelihoods of drivers, they offer a promising solution for urban mobility. However, overcoming challenges related to regulations, infrastructure, and safety concerns is essential for their effective adoption.
Greaves’ Ampere electric scooter sales exceed 2 lakh units in India
Ampere's growth in the EV segment can be attributed to its diverse range of products and its extensive pan-India dealer network spanning across Tier 1 to Tier 4 markets, the company said.
Greaves Cotton joins with UK-based Eta Green to produce 2&3W e-powertrain suite in India
Greaves Cotton strengthens its commitment to building a complete EV ecosystem stack for the last-mile 2 and 3-wheeler passenger and cargo mobility with "Made in India" electric powertrain solutions underpinned by global technology, the company said.
Auto Expo 2023: Greaves Cotton showcases six new electric two and three-wheelers
Electric mobility continues to see steep growth on the back of a collective global response to the climate crisis caused by fossil fuel use.
Greaves Electric to speed up EV development with Siemens Xcelerator
The company said it will harness Siemens’ advanced digital capabilities, including digital twins in product planning, engineering, and development.
Greaves Electric Mobility opens ‘Ampere Care Camp’
During the camp customers can take advantage of an array of offers and discounts like paid labour discount of up to 25% , 10% discount on paid spare parts and 10% discount on extended warranty purchases, subject to conditions, the company said.
Greaves Electric Mobility services 1 lakh e-scooters in 6 months
These 1 lakh e-scooters were serviced in 275 cities across India through 350-plus service touchpoints. The services offered to the customers ranged from periodic free and paid services to accidental, warranty and general repair, the company said.
Greaves Cotton Q1 FY23 PAT at INR 16 cr; posts highest ever quarterly revenue of INR 660 cr
The new businesses continue to see strong growth with a 56% revenue contribution to the overall business in Q1 FY23. The retail sales of the E-Mobility business stood at 29,577 units for this quarter, up by 19 % against Q4 FY22. Ampere increased its market share to 15.5% as of the end of June 2022 and emerged as the No.2 player in the e2W segment.
Greaves Electric Mobility sells over 7,500 units in October
“The recently-launched Magnus EX is receiving positive response from the customers, therefore leading to more bookings and sales,” the company said.
Greaves Electric Mobility completes acquisition of 26 percent stake in MLR Auto Ltd., strengthens its footprint in the electric 3-wheeler segment
With the conclusion of this acquisition, Greaves Electric Mobility strengthens its position as one of the largest end-to-end players in the last mile mobility segment catering to 85% of the consumer demand.
Greaves Electric Mobility acquires 100% stake in Bestway that sells ELE brand e-rickshaws
Last July, the company announced its intervention with Noida-based Bestway with a 74% stake and added e-rickshaw as part of the portfolio offerings.
Ampere Electric acquires stake in e-3W maker MLR Auto
Ampere said this acquisition reflects its agility and commitment to responding to the emerging needs of its 3W customers for disruptive and cost effective products that enhance daily savings and transform ease of driving with emission-free and noise-free vehicles.
Ampere launches ‘Green Restart’ to celebrate 13th anniversary
The company said Ampere scooters are being used extensively during this second wave of COVID-19 for essential services including home deliveries facilitating a sustainable ecosystem.
Greaves Cotton Q4 net profit jumps to INR 14 crore driven by new businesses
The company said the Q4 growth was mainly owing to diversification and new business initiatives like e-mobility, aftermarket solutions, and non-automotive engines.
Debashis Mitra joins Altigreen as vice president - sales and marketing
Prior to this, Mitra was president - engines business, at Greaves Cotton Limited.
Ampere acquires 74% stake in e-rickshaw company Bestway
Bestway sells e-rickshaws under the ELE brand.
Greaves Cotton opens first Ampere Electric dealership in Nepal
Ampere Electric current offers models like Zeal, Reo Elite, V-48 LA, Magnus 60, Reo LA and REO Li.
CEO’s take on 2020: Clean technology is going to be the future of mobility, says Nagesh Basavanhalli
Heading into the new year, ETAuto reads the mind of top CEO's to showcase their strategic path in 2020.
Directors of Greaves Cotton Limited
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Karan Thapar | 00004264 | psaini@eicl.in | Director | 29 Sep,1991 |
| Kewal Kundanlal Handa | 00056826 | Kewal.Handa@Pfizer.com | Director | 06 May,2016 |
| Vijay Dilbagh Rai | 00075837 | Director | 21 Mar,2002 | |
| Vinay Vinod Sanghi | 00309085 | varundiya@gmail.com | Director | 04 Aug,2017 |
| Arvind Kumar Singhal | 00709084 | arvind.singhal@technopak.com | Director | 01 Nov,2013 |
| Vikram Krishanlal Tandon | 01727251 | vikram.is.tandon@gmail.com | Director | 07 Aug,2007 |
| Nagesh Basavanhalli | 01886313 | nb6@chrysler.com | Director | 27 Sep,2016 |
| Navneet Singh | 01896854 | navneet185@gmail.com | Director | 01 Aug,2013 |
| Sree Kirat Patel | 03554790 | sree.patel@kraftfoods.com | Director | 14 Feb,2017 |
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