Greaves Cotton

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).

Greaves Cotton Ltd.
IndustryEngineering
Founded1859 
Headquarters
Mumbai,Maharahtra,India
,
India
Number of locations
Mumbai, Pune, Aurangabad, Chennai
Key people
Ajit Venkataraman
(Executive Director)
Nagesh Basavanhalli
(Vice Chairman)
ProductsEngines
Electric Vehicles
Farm Equipment
Spare Parts
Auxiliary Power
Construction Equipment (International)

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, farm equipment, and construction equipment. In 2013, the company announced that it would be selling road construction equipment, including stationary concrete pumps, and roadside drills.[3][4][5]

Greaves Cotton completely owns the Coimbatore-based electric vehicle manufacturer, Ampere Electric Vehicles. The acquisition marked the entry in the ever-booming EV industry. [6]

Achievements and Announcements

Greaves completes acquisition of Ampere Vehicles [7]

The company announced completion of the BSVI certification for its single cylinder diesel engine. [8]

Greaves and TVS partner for Service Support. [9]

Ampere acquires 74% stake in e-rickshaw company Bestway [10]

Greaves Cotton launches ‘Greaves Genius’ smart gensets [11]

Greaves Cotton opens first Ampere Electric dealership in Nepal [12]

Ampere Electric Launches Industry’s 1st battery subscription plan starting Rs 1990 in partnership with Autovert Technologies [13]

Ampere Electric Launches Vehicle Leasing Plans in Partnership with OTO Capital [14]

Greaves Cotton posts Q1FY21 consolidated revenue at 158.23 Crore [15]

References
  1. "The Economic Times". economictimes.indiatimes.com. Retrieved 21 February 2017.
  2. "Milestones". Greaves Cotton Ltd. Retrieved 13 July 2013.
  3. "Greaves to sell road construction machines". The Hindu BusinessLine. 6 July 2013. Retrieved 13 July 2013.
  4. Dilip Kumar Jha (13 July 2013). "Greaves Cotton launches high capacity pumps". Business Standard. Retrieved 13 July 2013.
  5. Chandrashekhar, Anandi; Vaitheesvaran, Bharani (31 August 2018). "Greaves cotton buys EV maker ampere". The Economic Times. Retrieved 8 July 2019.
  6. "Ampere Vehicles & Greaves Cotton Parents Innovation". Ampere Electric Vehicles. 14 January 2020. Retrieved 29 January 2020.
  7. "Greaves Cotton Completes Acquisition Of Ampere Vehicles". Bloomberg Quint. 14 November 2019.
  8. "Greaves Cotton brings out BS-VI diesel engine for 3-wheelers". The Times Of India. 7 December 2019.
  9. "Greaves Cotton's arm to provide service support to TVS 3-wheelers". Economic Times. 26 December 2019.
  10. "Ampere acquires 74% stake in e-rickshaw company Bestway". |title=Ampere acquires 74% stake in e-rickshaw company Bestway |date=06 July 2020 |work=The Hindu Business line}}
  11. "Greaves Cotton launches 'Greaves Genius' smart gensets". |title=Greaves Cotton launches ‘Greaves Genius’ smart gensets |date=26 July 2020 |work=The Hindu Business line}}
  12. "Greaves Cotton opens first Ampere Electric dealership in Nepal - ET Auto". ETAuto.com. |title=Greaves Cotton opens first Ampere Electric dealership in Nepal |date=15 May 2020 |work=ET Auto}}
  13. 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)
  14. "Ampere Electric partners with OTO Capital for vehicle leasing plans - ET Auto". ETAuto.com.
  15. "Greaves Cotton Ltd Q1 consolidated loss at Rs. 30.86 crore". EquityBulls. 13 August 2020.

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