Greaves Cotton

From Wikipedia, the free encyclopedia
Greaves Cotton Ltd.
BSE: 501455
NSE: GREAVESCOT
IndustryEngineering
Founded1859 Edit this on Wikidata
Headquarters
Mumbai, Maharashtra, India
,
India
Number of locations
Mumbai, Pune, Aurangabad, Chennai
Key people

(Executive Director)

()
ProductsEngines
Electric Vehicles
Farm Equipment
Spare Parts
Auxiliary Power

Greaves Cotton Ltd. is an Indian engineering company that manufactures engines and heavy equipment. It is traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).

History[]

The company was founded in 1859 by James Greaves and George Cotton. It was incorporated in 1922 as a private limited company.[1] Greaves Cotton was purchased by Lala Karam Chand Thapar of the Thapar Group in 1947.[2] It was converted into a public limited company in 1950.[1]

Products[]

The company produces diesel, petrol, kerosene, gasoline engines, diesel pump sets, gensets and farm equipment.

Greaves Cotton completely owns the Coimbatore-based electric vehicle manufacturer, Ampere Electric Vehicles. The acquisition marked the entry in the ever-booming EV industry.[3]

Achievements and Announcements[]

Greaves completes acquisition of Ampere Vehicles [4]

The company announced completion of the BSVI certification for its single cylinder diesel engine. [5]

Greaves and TVS partner for Service Support. [6]

Ampere acquires 74% stake in e-rickshaw company Bestway [7]

Greaves Cotton launches ‘Greaves Genius’ smart gensets [8]

Greaves Cotton opens first Ampere Electric dealership in Nepal [9]

Ampere Electric Launches Industry's 1st battery subscription plan starting ₹1990 in partnership with Autovert Technologies [10]

Ampere Electric Launches Vehicle Leasing Plans in Partnership with OTO Capital [11]

Greaves Cotton posts Q1FY21 consolidated revenue at ₹158.23 Crore [12]

Greaves Cotton launches OHV Petrol Pumpset with a one-year warranty [13]

Ampere Electric and Bounce, India's largest Rideshare Platform, partner to accelerate shared mobility on electric scooters [14]

Ampere Electric partners with EV mobility start-up eBikeGo for Performance Electric Scooters [15]

Nagesh Basavanhalli resumes charge as Group CEO & MD as Greaves Cotton Ltd restructures for agile growth [16]

Greaves Cotton Limited has reported consolidated revenues at ₹495 crore in Q3FY21 and EBIDTA at ₹49 crore in Q3FY21. This represents around 50% growth in revenue over the previous quarter. [17]

Ampere Electric Plans Investment of ₹700 crores for e-mobility manufacturing plant in Ranipet, signs MoU with Government of Tamil Nadu [18]

Greaves Cotton launches "Greaves Marine Pro" Outboard Marine engines at 9.9, 15 and 25 hp for fishing vessels

Greaves Electric Mobility announces the launch of ‘AutoEVmart’, a multi-brand EV retail platform [19]

Greaves Electric Mobility acquired 100% stake in E-Rickshaw Company Bestway [20]

Greaves Electric Mobility completes acquisition of 26% stake in MLR Auto Ltd, strengthens its footprint in the electric 3-wheeler segment [21]

References[]

  1. ^ a b "The Economic Times". economictimes.indiatimes.com. Retrieved 21 February 2017.
  2. ^ "Milestones". Greaves Cotton Ltd. Retrieved 13 July 2013.
  3. ^ "Ampere Vehicles & Greaves Cotton Parents Innovation". Ampere Electric Vehicles. 14 January 2020. Retrieved 29 January 2020.
  4. ^ "Greaves Cotton Completes Acquisition Of Ampere Vehicles". Bloomberg Quint. 14 November 2019.
  5. ^ "Greaves Cotton brings out BS-VI diesel engine for 3-wheelers". The Times Of India. 7 December 2019.
  6. ^ "Greaves Cotton's arm to provide service support to TVS 3-wheelers". Economic Times. 26 December 2019.
  7. ^ "Ampere acquires 74% stake in e-rickshaw company Bestway". The Hindu Business line. 6 July 2020.
  8. ^ "Greaves Cotton launches 'Greaves Genius' smart gensets". The Hindu Business line. 26 July 2020.
  9. ^ "Greaves Cotton opens first Ampere Electric dealership in Nepal". ET Auto. 15 May 2020.
  10. ^ Desk, HT Auto (5 August 2020). "Ampere Electric introduces first-of-a-kind battery subscription plan". https://auto.hindustantimes.com. External link in |work= (help)
  11. ^ "Ampere Electric partners with OTO Capital for vehicle leasing plans - ET Auto". ETAuto.com.
  12. ^ "Greaves Cotton Ltd Q1 consolidated loss at Rs. 30.86 crore". EquityBulls. 13 August 2020.
  13. ^ https://www.uniindia.com/greaves-cotton-launches-ohv-petrol-pumpset/business-economy/news/2190749.html. Missing or empty |title= (help)
  14. ^ "Mobility startup Bounce places order for 3,000 Ampere scooters - ET Auto". ETAuto.com.
  15. ^ Editor, Chary Publications. "Ampere Electric partners with EV mobility start-up eBikeGO | Electrical India Magazine on Power & Electrical products, Renewable Energy, Transformers, Switchgear & Cables".CS1 maint: extra text: authors list (link)
  16. ^ "Nagesh Basavanhalli resumes charge as Group CEO & MD as Greaves Cotton Ltd restructures for agile growth". EquityBulls. 5 November 2020.
  17. ^ http://timesofindia.indiatimes.com/articleshow/80789594.cms. Missing or empty |title= (help)
  18. ^ Desk, HT Auto (17 February 2021). "Ampere Electric to invest 700 crores for e-mobility plant in Tamil Nadu". Hindustan Times Auto News.
  19. ^ "Greaves Cotton launches multi-brand EV retail store AutoEVmart in Bengaluru". The Economic Times.
  20. ^ "Greaves Electric Mobility acquires 100% stake in Bestway that sells ELE brand e-rickshaws - ET Auto". ETAuto.com.
  21. ^ "Ampere Electric acquires stake in last-mile e-wheeler OEM MLR Auto". www.autocarpro.in.

External links[]

Retrieved from ""