Greaves Cotton Reports Strong Q1 FY26 Results, Appoints New Independent Director Jul 30, 2025
More news about Greaves Cotton
30Jul 25
Greaves Cotton Reports Strong Q1 Performance with Revenue Up 17% and Profit Tripling
Greaves Cotton Limited posted robust Q1 FY24 results. Revenue increased 17% to ₹745.43 crore, while net profit more than tripled to ₹20.85 crore. EBITDA doubled to ₹56.9 crore with margin expansion to 7.64%. The engines segment remained the primary revenue driver. The company's diversification strategy and focus on innovation are credited for the strong performance.
23Jul 25
Greaves Electric Mobility's Eltra City Xtra Shatters EV Range Record with 324 KM on Single Charge
Greaves Cotton Limited's subsidiary, Greaves Electric Mobility, has achieved a milestone with its electric three-wheeler, Eltra City Xtra, traveling 324 kilometers on a single charge. This feat, dubbed 'Freedom Ride 2.0', set a national record from Bengaluru to Ranipet. The vehicle features a LFP battery, 60 kmph top speed, and ~170 km range under normal conditions. It offers a 9.5 kW motor, 10.75 kWh battery, and comes with extensive warranty coverage. The company aims to contribute to India's sustainable transport goals with this innovation.
20Jun 25
Greaves Cotton's Subsidiary GEML Boosts Stake in MLR Auto to 67.41%
Greaves Electric Mobility Limited (GEML), a subsidiary of Greaves Cotton Limited, has increased its ownership stake in MLR Auto to 67.41% through a ₹55.00 crore investment in a rights issue. This strategic move strengthens GEML's position in the electric vehicle market and demonstrates its commitment to the electric mobility sector.
05Jun 25
Greaves Cotton Subsidiary Converts ₹950 Crore Loan to Equity in BAPL
Greaves Electric Mobility, a subsidiary of Greaves Cotton Limited, has converted a ₹950.00 crore loan into equity shares in BAPL. This strategic move reduces BAPL's debt burden and potentially increases Greaves Electric Mobility's ownership stake and control in the company. The action suggests a long-term commitment to BAPL's operations and future, aligning with Greaves Cotton's focus on strengthening its position in the electric mobility sector.
Greaves Cotton's Q4 FY23 financial results show significant growth. Revenue increased by 22.30% to ₹822.80 crore, EBITDA rose by 90.40% to ₹45.70 crore, and net profit surged by 823.10% to ₹24.00 crore compared to Q4 FY22. The company's board recommended a dividend of ₹2.00 per share. Following the announcement, the stock price increased by 10.50%.
14Apr 25
Greaves Cotton Appoints Parag Satpute as New Managing Director and Group CEO
Greaves Cotton Limited has appointed Parag Satpute as the new Managing Director and Group CEO, effective April 14, 2025. Satpute brings 29 years of experience in mobility solutions and manufacturing sectors. He will oversee key business units including Greaves Engineering, Retail, Technologies, and Excel Controlinkage Private Limited. The outgoing MD, Dr. Arup Basu, will step down on April 14, 2025. Satpute aims to drive strategic business outcomes and advance the company's vision of empowering lives through sustainable solutions.
09Apr 25
Greaves Cotton Pioneers Sustainable Mobility with Rare-Earth-Free Motor Technology
Greaves Cotton Limited has formed a strategic partnership with Chara Technologies to develop and manufacture rare-earth-free synchronous reluctance motors and controllers for electric vehicles in India. The collaboration aims to produce energy-efficient, sustainable mobility solutions with up to 50% energy savings and 30% reduced CO2 emissions. Greaves will exclusively manufacture these motors at its Aurangabad facility, catering to both automotive and non-automotive applications. This partnership aligns with Greaves Cotton's vision of sustainable mobility and Chara's goal of accelerating the transition to clean mobility in India.
09Apr 25
Greaves Cotton Subsidiary Launches Affordable Electric Scooter 'Ampere Reo 80' at ₹59,900
Greaves Cotton's subsidiary, Greaves Electric Mobility Limited (GEML), has introduced the Ampere Reo 80, a new electric scooter priced at ₹59,900. The scooter features a colored LCD cluster, LFP battery, front disc brake, and keyless start. It offers a range of 80 km on a single charge and doesn't require a license or registration. The launch aligns with GEML's 'Har Gully Electric' vision, aiming to make electric mobility more accessible in India. GEML reported a 52% month-on-month growth in March 2023, selling over 6,000 electric 2-wheelers. Deliveries of the Ampere Reo 80 are set to begin across India in April 2023.
06Mar 25
Greaves Electric Mobility Enters Battery Swapping Market with Indofast Energy Partnership
Greaves Electric Mobility Limited (GEML) has partnered with Indofast Energy to launch Ampere 'Magnus SW.S', an electric two-wheeler with battery swapping technology. The vehicle, designed for B2B fleets and ride-sharing services, features a 2.4 kW motor, 151 kg payload capacity, and IoT connectivity. Indofast Energy plans to deploy 50,000+ vehicles in the next year, expanding their current network of 670+ swap stations across 20+ cities.
06Mar 25
Greaves Cotton Dissolves US Subsidiary and Announces Management Change
Greaves Cotton has voluntarily dissolved its US subsidiary, Greaves Technologies Inc, effective February 28, 2025. Additionally, Mr. Jaganmohan Rao Medisetti has ceased to be a Senior Management Personnel due to organizational restructuring. These changes suggest significant organizational shifts, potentially aimed at streamlining operations and adapting to new business realities.
05Mar 25
Greaves Cotton Confirms Dissolution of US Subsidiary and Announces Management Change
Greaves Cotton Limited has voluntarily dissolved its US-based subsidiary, Greaves Technologies Inc, effective February 28, 2025. The company also announced that Mr. Jaganmohan Rao Medisetti has ceased to be a Senior Management Personnel, effective immediately. Both changes are part of the company's strategic realignment and organizational restructuring.