Greaves Cotton Ltd

Greaves Electric Mobility (GEML), the electric mobility arm of Greaves Cotton (GCL), has partnered with Indofast Energy, a 50-50 joint venture between Indian Oil and SUN Mobility to enhance last-mile transportation for B2B fleets and ride-sharing services by aiming to offer innovative, efficient and tailored e-2W and energy solutions that meet the industry's evolving needs. The partnership unveils the Ampere 'Magnus SW.S', powered by Indofast Energy's battery swapping technology. Designed for gig economy riders covering 100+ kms daily, this solution aims to minimize downtime with quick battery swaps. Leveraging Indofast Energy's rapidly growing battery-swapping network, customers can seamlessly replace depleted batteries with fully charged ones, reducing operational costs and enhancing efficiency. This partnership aligns with the Greaves' purpose of 'Empowering Lives' and 'Democratizing Smart and Sustainable Mobility' while supporting Indofast Energy's vision of making battery swapping the default mode of charging for all commuters. Ampere 'Magnus SW.S' features a motor power of 2.4 kW for easy gradeability and smooth performance - even on steep gradients, with heavy loads or with carrying a pillion rider for ride share operations. The scooter is equipped with payload capacity of 151 kg, making it ideal for heavy-duty use. Additionally, its IoT-enabled capabilities provide efficient connectivity and aims to provide improved fleet management solutions for operators. Powered by Capital Market - Live

Greaves Cotton announced the cessation of Sree Patel (DIN: 03554790), an Independent Director of the Company on completion of her second term with effect from the close of business hours on 13 February 2025. Powered by Capital Market - Live

The said appointment is subject to approval of shareholders and other regulatory approval. He will be responsible for the affairs of Greaves Engineering, Greaves Retail, Greaves Finance, Greaves Technologies and Excel Controlinkage. Satpute is a Mechanical Engineer from Pune University and an Executive MBA from Warwick Business School. Satpute has over 29 years of overall experience. From Dec 2022 he was working with Bridgestone based out of Europe as the President of their Fleet Business within Global Business Unit Bridgestone Mobility Solutions. From 2017 upto 2022 he led the India Business for Bridgestone as their Managing Director. In this role he led a comprehensive Business transformation for the Indian entity. Meanwhile, the company's board approved the re-designation of Arup Basu as chief executive officer, Greaves Engineering, effective from 14th April 2025. Greaves Cotton is a multi-product and multi-location engineering company. The company is a leading name in fuel agnostic powertrain solutions, e-mobility, aftermarket & retail. The company's consolidated net profit declined 85.35% to Rs 6.68 crore in Q3 FY25 compared with Rs 45.60 crore in Q3 FY24. Revenue from operations jumped 12.81% YoY to Rs 750.60 crore in Q3 FY25.Powered by Capital Market - Live

Net profit of Greaves Cotton declined 64.14% to Rs 20.81 crore in the quarter ended December 2024 as against Rs 58.03 crore during the previous quarter ended December 2023. Sales rose 12.81% to Rs 750.60 crore in the quarter ended December 2024 as against Rs 665.38 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales750.60665.38 13 OPM %5.295.31 - PBDT48.1647.51 1 PBT22.4327.18 -17 NP20.8158.03 -64 Powered by Capital Market - Live

Greaves Cotton showcased its comprehensive mobility solutions at the ongoing Auto Expo 2025 'V The Motor Show, held at New Delhi''s Bharat Mandapam today. The company unveiled its new, ''Made in India'' product offerings across two-wheelers and three-wheelers, including concept vehicles, charging solutions, engines, powertrain systems, and retail aftermarket accessories. Building on its rich 165-year legacy of innovation in engineering solutions, the company is unfolding a new chapter in its transformational journey from a single-business, single-fuel organisation to a fuel-agnostic, multi-business enterprise. Its aim is to create a holistic and sustainable mobility ecosystem that empowers consumers, business partners, and service providers alike. In line with this vision, its showcase at the expo included: - Futuristic electric two- and three-wheelers: This includes the concept of its e-motorcycle, ''Xyber'', and ''Xpress'', a tailored solution for the quick commerce and delivery segment. Also featured was ''Xargo'', a high-speed electric three-wheeler designed for multiple applications within the thriving e-commerce ecosystem. 'h - Fast Charger: A wall-mounted fast-charging system designed for efficiency and ease of use. 'h - Variants: Brand-new variants of its existing best-selling two-wheelers, Nexus and Magnus: Nexus Exec: India''s first ultra-luxury, high-performance family electric scooter, featuring an Executive Class variant with a 5 kW motor, a top speed of 93 km/h, a 3.5-hour charging time, and a 7'' TFT touchscreen.  Nexus S Tourismo: India''s first premium race-edition high-performance family electric scooter, equipped with a 5 kW motor, a top speed of 93 km/h, a 3.5-hour charging time, and a 7'' TFT touchscreen. Magnus Neo: The upgraded Magnus, renowned for its achievement of being driven from Bengaluru to Delhi, covering over 2,300 km for the expo and creating a national record. Competitively priced at ₹79,999, it features an LFP battery and a 5-year/75,000 km battery warranty. 'h - Engines and Powertrains: Innovative solutions catering to the automotive sector, including a groundbreaking hydrogen-powered engine concept, a CNG engine, and a Euro V+ compliant engine for the European market. 'h - Retail aftermarket accessories: This includes motors, rear axle assemblies, and a high performance lithium-ion battery tailored to the specific requirements of data centres and banks. 'h - Automotive components and motion control systems: The showcase also featured new and existing automotive components from Greaves, alongside advanced motion control systems from Excel Controlinkage. Ever since its entry into the sustainable mobility sector, Greaves Cotton, through its electric mobility business, Greaves Electric Mobility, and its Ampere brand, has been redefining last-mile mobility in India with its vision of making ''Har Gully Electric''. To date, its vehicles have collectively travelled 3.8 billion electric kilometres, saving 1.5 lakh tonnes of CO2 emissions'Xan impact equivalent to planting 5.9 million trees. Powered by Capital Market - Live

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 23 January 2025.Powered by Capital Market - Live

Greaves Electric Mobility (GEML), the e- mobility division of Greaves Cotton, has introduced Ampere Magnus Neo, an enhanced variant of its Magnus electric scooter that promises 'The Power of More'. The Magnus Neo represents the evolution of Ampere's Magnus EX and is set to deliver more style, more power, more strength, more safety, and more savings. The Magnus Neo will take center stage at Auto Expo 2025 in Delhi, starting January 17th. Showcasing its remarkable endurance, the scooter journeyed over 2,000 km from Bengaluru to Delhi, proving its mettle on the road before even hitting the exhibit floor. The Magnus Neo will be available across Ampere dealerships nationwide starting January 2025, at an introductory offer of Rs 79,999/-. Powered by Capital Market - Live

Finolex Industries Ltd, Gensol Engineering Ltd, Metro Brands Ltd and Usha Martin Ltd are among the other gainers in the BSE's 'A' group today, 27 December 2024.Greaves Cotton Ltd soared 10.83% to Rs 260.35 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 9.41 lakh shares were traded on the counter so far as against the average daily volumes of 5.9 lakh shares in the past one month. Finolex Industries Ltd spiked 10.24% to Rs 262.05. The stock was the second biggest gainer in 'A' group. On the BSE, 4.75 lakh shares were traded on the counter so far as against the average daily volumes of 38764 shares in the past one month. Gensol Engineering Ltd surged 6.90% to Rs 762.55. The stock was the third biggest gainer in 'A' group. On the BSE, 65837 shares were traded on the counter so far as against the average daily volumes of 15733 shares in the past one month. Metro Brands Ltd exploded 6.25% to Rs 1285.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 14249 shares were traded on the counter so far as against the average daily volumes of 5824 shares in the past one month. Usha Martin Ltd rose 6.25% to Rs 385.05. The stock was the fifth biggest gainer in 'A' group. On the BSE, 78480 shares were traded on the counter so far as against the average daily volumes of 35123 shares in the past one month. Powered by Capital Market - Live

The key equity indices traded with minor gains in afternoon trade. The Nifty traded above the 23,750 mark. Oil & gas, auto and FMCG shares advanced while PSU Bank, metal and media shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, was up 116.66 points or 0.15% to 78,656.22. The Nifty 50 index added 32.75 points or 0.14% to 23,786.20. In the broader market, the S&P BSE Mid-Cap index added 0.03% and the S&P BSE Small-Cap index rose 0.19%. The market breadth was positive. On the BSE, 2,098 shares rose and 1,827 shares fell. A total of 104 shares were unchanged. Buzzing Index: The Nifty Pharma index gained 0.27% to 22,632.85. The index rose 0.58% in two consecutive trading sessions. Biocon (up 4.35%), Granules India (up 3.29%), Dr Reddys Laboratories (up 1.63%), Laurus Labs (up 0.99%) and Aurobindo Pharma (up 0.7%) were the top gainers. Among the other gainers were Lupin (up 0.65%), Sun Pharmaceuticals Industries (up 0.33%), Ipca Laboratories (up 0.23%), Gland Pharma (up 0.13%) advanced. Stocks in Spotlight: Greaves Cotton surged 10.45% after the company's material subsidiary, Greaves Electric Mobility (GEML) has filed a draft red herring prospectus (DRHP) with regulatory organisations in connection with its initial public offering. Vraj Iron And Steel rallied 3.86% after the company successfully commenced commercial operation of sponge iron plant on 23 December 2024 of expansion project located at Dighoia, Bilaspur in Chhattisgarh. Zaggle Prepaid Ocean Services rose 0.94%. The company announced that it has raised Rs 594.84 crore through qualified institutional placement (QIP) at Rs 523.20 per share. Punjab Chemicals and Crop Protection fell 1.82% after firm said Ashish R Nayak, chief financial officer (CFO) & vice president finance and accounts, has tendered his resignation from the services of the company due to personal reasons. Dr Reddy's Laboratories advanced 1.60% after the company announced that its wholly-owned subsidiary Dr Reddy's Laboratories SA, Switzerland, (DRSA) has incorporated a new wholly-owned subsidiary (WOS) in Finland, named 'Dr Reddy's Finland Oy'. Whirlpool of India added 2.31% while PG Electroplast (PGEL) rallied 3.54% after the company has signed definitive agreement with PG Electroplast for contract manufacturing select models of whirlpool branded semi-automatic washing machines. Global Markets: European and Asian stocks advanced on Tuesday, buoyed by gains in technology shares that mirrored their U.S. counterparts. However, trading volumes remained thin ahead of the Christmas holiday. Markets awaited further clarity on Beijing's plans for stimulus measures in the upcoming year. Recent reports indicated that China will increase fiscal spending to bolster economic growth. Regional markets drew positive signals from Wall Street, which closed higher on Monday as technology stocks partially recovered from last week's steep declines. On Monday, the S&P 500 gained 0.7% to 5,974.07 points, the Dow Jones Industrial Average rose 0.2% to 42,906.65, and the NASDAQ Composite climbed 1% to 19,764.89 points. Broadcom Inc surged 5.5% as investors continued to acquire shares of the chipmaker following its strong quarterly results and optimistic guidance released earlier this month. Qualcomm Inc stock rose more than 3% after a jury ruled that its central processors are properly licensed under an agreement with UK-based Arm Holdings. Wall Street will have a shortened trading session on Tuesday, as will most Asian markets.Powered by Capital Market - Live

The key equity indices pared most of the gains and traded with small gains in early afternoon trade. The Nifty traded below the 23,800 mark after hitting day's high of 23,867.65 in mid morning trade. FMCG shares extended gains for the second consecutive trading session. At 12:27 IST, the barometer index, the S&P BSE Sensex, was up 75.09 points or 0.10% to 78,615.26. The Nifty 50 index added 20.20 points or 0.09% to 23,773.65. In the broader market, the S&P BSE Mid-Cap index added 0.03% and the S&P BSE Small-Cap index rose 0.19%. The market breadth was positive. On the BSE, 2,026 shares rose and 1,825 shares fell. A total of 128 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.84% to 13.27. The Nifty 26 December 2024 futures were trading at 23,795, at a premium of 21.35 points as compared with the spot at 23,773.65. The Nifty option chain for the 26 December 2024 expiry showed a maximum call OI of 136.6 lakh contracts at the 24,000 strike price. Maximum put OI of 109.7 lakh contracts was seen at 23,500 strike price. Buzzing Index: The Nifty FMCG index gained 0.70% to 56,529.95. The index rose 1.67% in two consecutive trading sessions. United Breweries (up 2.01%), Britannia Industries (up 1.14%), Colgate-Palmolive (India) (up 1.13%), Nestle India (up 0.98%), ITC (up 0.95%), United Spirits (up 0.94%), Radico Khaitan (up 0.73%), Tata Consumer Products (up 0.7%), Hindustan Unilever (up 0.67%) and Godrej Consumer Products (up 0.46%) advanced. Stocks in Spotlight: Greaves Cotton surged 10.45% after the company's material subsidiary, Greaves Electric Mobility (GEML) has filed a draft red herring prospectus (DRHP) with regulatory organisations in connection with its initial public offering. Vraj Iron And Steel rallied 3.86% after the company successfully commenced commercial operation of sponge iron plant on 23 December 2024 of expansion project located at Dighoia, Bilaspur in Chhattisgarh. Zaggle Prepaid Ocean Services rose 0.94%. The company announced that it has raised Rs 594.84 crore through qualified institutional placement (QIP) at Rs 523.20 per share. Powered by Capital Market - Live