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Greaves Electric Mobility, announces the launch of electric cargo three-wheeler vehicle Greaves Eltra. Taglined Everything Extra, Greaves Eltra redefines last-mile logistics by leveraging cutting-edge technology to costeffectively meet the growing cargo demand. It offers customers Extra in savings, support, technology, comfort, productivity, performance, and trust. With an enhanced power capability of 9.5 kW at peak performance, Greaves Eltra guarantees optimal efficiency for seamless cargo transportation. Integrating a 10.8 kWh battery pack ensures consistent and dependable journeys, addressing the crucial need for reliability in logistics operations. Capable of covering over 100 kilometres per charge, this vehicle is engineered to optimise delivery routes, reduce downtime, and enhance the overall efficiency of last-mile logistics operations. It also has a spacious factory-fitted delivery box, providing 140 cubic feet of storage capacity. 

Greaves Electric Mobility launches electric cargo three-wheeler 'Greaves Eltra' 

Enigma Automobiles is an electric vehicle (EV) manufacturer from Central India. It is growing its presence across India, Nepal, and foraying into Sri Lanka and Bhutan.The partnership aims to accelerate the sales and distribution of Enigmas electric two-wheeler range nationwide through AutoEVmarts retail network.Enigmas complete range of products, encompassing low-speed and high-speed electric two-wheelers, will be readily available across a network of over 100 AutoEVmart outlets located in Tier 1, 2, and 3 markets. The synergy with AutoEVmart entails a holistic 3S infrastructure encompassing sales, service, and spare parts, stated the company.Narasimha Jayakumar, CEO, Greaves Retail said, “Greaves Retail, through our sales, service and spares network for electric vehicles, presents a strong value proposition of high asset uptime and choices for our end customers spanning electric passenger and cargo vehicles.”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 reported a consolidated net loss of Rs 5.08 crore in the quarter ended June 2023 as against net profit of Rs 16.07 crore during the previous quarter ended June 2022. Sales declined 13.87% to Rs 568.59 crore in Q1 FY24 over Q1 FY23.

Greaves Cotton rises as arm enters in strategic partnership with Enigma Automobiles

Enigma Automobiles, the electric vehicle (EV) manufacturer from Central India, has announced its strategic partnership with AutoEVmart, a multi-brand EV retail store by Greaves Retail, the retail and distribution unit of Greaves Cotton. The partnership aims to accelerate the sales and distribution of Enigmas impressive electric two-wheeler range nationwide through AutoEVmarts retail network.Enigmas complete range of products, encompassing low-speed and high-speed electric two-wheelers, will be readily available across a network of over 100 AutoEVmart outlets strategically located in Tier 1, 2, and 3 markets. Potential buyers can select from a spectrum of choices, including the Enigma Crink, Ambier, GT 450, and H1 Loader, the low-speed EVs, or opt for the high-performance Crink V1, Crink Pro, GT 450 Pro, Café Racer, and N8 models.

Enigma Automobiles partners with AutoEVmart

Greaves Retail, a unit of Greaves Cotton, has announced the launch of its complete range of e-rickshaw batteries under the brand Power Raja by Greaves. With a focus on the burgeoning e-rickshaw industry, Power Raja batteries are poised to reshape the landscape of small-scale last-mile transportation. The Power Raja batteries, powered by proven lead-acid technology, have been designed to address the specific needs of the e-rickshaw segment and come with various warranty offers, different capacities of batteries (120 AH  130 AH  140AH  150AH) and are priced competitively, offering value for money to the vehicle owner.  The remarkable Power Raja battery is a power pack that offers an extended life span, a cost-efficient perkilometre expense, and the ability to cover greater distances while demanding minimal upkeep. Greaves Retails Power Raja batteries are ready to revolutionise the e-rickshaw industry by combining dependability, efficiency, and environmental awareness in a compact package. 

Greaves Retail launches e-rickshaw battery brand 'Power Raja'

&quot;Greaves will play a pivotal role in the booming e-rickshaw industry. We aim to empower e-rickshaw operators with a reliable and eco-friendly solution that enhances their profitability and sustainability,&quot; said Greave Retail’s CEO Narasimha Jayakumar.

Greaves Cotton gains on launch of new e-rickshaw batteries

Greaves Retail provides clean mobility and energy solutions. It operates a multi-brand showroom called AutoEVmart, a Greaves Care service network, and over 9,000 dealer and distributor connections with Greaves Spares.Usha Financial Services (UFSL) possesses a diversified product portfolio loans for Individuals, MSME, hypoothecation and small-micro loans. The company is a Delhi based RBI licenced and listed NBFC and launched a specific product for Loans on Electric Vehicles in 2022 .By working together, Greaves Retail aims to extend its reach and make end-customer financing more accessible and seamless across the nation. Through this collaboration, Usha Financals distinctive dealer delivery model will be harnessed to bring the benefits of convenient and localised financing solutions to customers across the country.The model will help dealers identify suitable customers, aid in the collection process, and serve as the primary point of contact to address loan repayment challenges. With a pilot in Bihar, this model has now been effectively deployed in several dealerships across India, where Greaves Retail aims to facilitate financing for their distinct group of electric three-wheeler customers.Narasimha Jayakumar, CEO, Greaves Retail, said: Indias three-wheeler segment witnessed 75 per cent growth in June on an annual basis, which is phenomenal. The partnership with Usha Financial is a major step to enable financing for our e rickshaw customers in key markets. Usha Financials expertise in lending to “livelihood earners” will enhance Greaves Retails capabilities to facilitate the sales and service of these vehicles through our pan-India footprint of retail outlets.”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 reported a consolidated net loss of Rs 5.08 crore in the quarter ended June 2023 as against net profit of Rs 16.07 crore during the previous quarter ended June 2022. Sales declined 13.87% to Rs 568.59 crore in Q1 FY24 over Q1 FY23.The scrip added 0.83% to currently trade at Rs 133.70 on the BSE.

Greaves Cotton's retail arm partners with Usha Financial for financing e-three wheelers

Greaves Retail has partnered with Usha Financial Services&nbsp;to revolutionise customer financing within the electric three-wheeler segment. By working together, Greaves Retail aims to extend its reach and make end-customer financing more accessible and seamless across the nation. Through this collaboration, Usha Financals distinctive dealer delivery model will be harnessed to bring the benefits of convenient and localised financing solutions to customers across the country. The model will help dealers identify suitable customers, aid in the collection process, and serve as the primary point of contact to address loan repayment challenges. With a pilot in Bihar, this model has now been effectively deployed in several dealerships across India, where Greaves Retail aims to facilitate financing for their distinct group of electric three-wheeler customers. 

Greaves Retail partners with Usha Financial Services 

Greaves Cotton Standalone June 2023 Net Sales at Rs 395.95 crore, up 5.98% Y-o-Y

Greaves Cotton Consolidated June 2023 Net Sales at Rs 568.59 crore, down 13.87% Y-o-Y

MLR Auto, a subsidiary of Greaves Electric Mobility (GEMPL), the e-mobility business of Greaves Cotton, has announced its strategic partnership with Vidyuttech, a leading financing platform and lifecycle management service provider. Under the partnership, Vidyuttech will provide flexible financing for MLRs electric three-wheelers. With Vidyuttechs financing and lifecycle management services expertise, MLRs customers across India will benefit from simplified electric vehicle ownership. Vidyuttechs unique pay-perkm battery lease & attractive interest rate of approximately 10 % is designed to facilitate the adoption of Electric 3-wheelers, making them an affordable and sustainable choice for customers. Moreover, Vidyuttechs commitment to providing over 90 % on-road funding for potential customers significantly reduces the burden of downpayment, making electric vehicle ownership more accessible than ever before. Vidyuttechs commitment to enabling customers to switch to electric vehicles aligns perfectly with GEMPLs vision of revolutionising last-mile mobility in India through sustainable solutions. By leveraging Vidyuttechs attractive interest rate and dedication to offering substantial funding, MLRs customers will have greater financial flexibility and convenience in their EV purchases. 

MLR Auto announces strategic partnership with Vidyuttech

Greaves Cotton Ltd. engages in manufacturing and distributing diesel, petrol engines, power generation equipment, power transmission systems, and farm equipment. It operates through the following segments: Engines, Electric Mobility, and Others segment. The Engines segment includes application of engines in farm equipment and gensets. The Electric Mobility segment deals with the manufacture and trade of electric vehicles and its spares. The Others segment is consisted of products traded by international business and after market business. The company was founded by James Greaves and George Cotton in 1859 and is headquartered in Mumbai, India.

Watchers	107
52-Wk Low	118.15
52-Wk High	165.00

Market Cap	32.09B
Volume (M)	793,815.00
52-Wk High	165.00
52-Wk Low	118.15

GREAVESCOT.NSE Greaves Cotton Ltd.

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