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. Greaves Cotton was purchased by Lala Karam Chand Thapar of the Thapar Group in 1947. It was converted into a public limited company in 1950.
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.
Achievements and Announcements
Greaves completes acquisition of Ampere Vehicles
The company announced completion of the BSVI certification for its single cylinder diesel engine.
Greaves and TVS partner for Service Support.
Ampere acquires 74% stake in e-rickshaw company Bestway
Greaves Cotton launches ‘Greaves Genius’ smart gensets
Greaves Cotton opens first Ampere Electric dealership in Nepal
Ampere Electric Launches Industry’s 1st battery subscription plan starting Rs 1990 in partnership with Autovert Technologies
Ampere Electric Launches Vehicle Leasing Plans in Partnership with OTO Capital
Greaves Cotton posts Q1FY21 consolidated revenue at 158.23 Crore
Greaves Cotton launches OHV Petrol Pumpset with a one-year warranty
Ampere Electric and Bounce, India’s largest Rideshare Platform, partner to accelerate shared mobility on electric scooters
Ampere Electric partners with EV mobility start-up eBikeGO for Performance Electric Scooters
Nagesh Basavanhalli resumes charge as Group CEO & MD as Greaves Cotton Ltd restructures for agile growth
Greaves Cotton Limited has reported consolidated revenues at Rs 495 crore in Q3FY21 and EBIDTA at Rs 49 crore in Q3FY21. This represents around 50% growth in revenue over the previous quarter.
Ampere Electric Plans Investment of INR 700 crores for e-mobility manufacturing plant in Ranipet, signs MoU with Government of Tamil Nadu
Greaves Cotton launches “Greaves Marine Pro” Outboard Marine engines at 9.9, 15 and 25hp for fishing vessels