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Greaves Cotton gains on inaugurating multibrand Electric Vehicle retail store `AutoEVmart` in Thiruvananthapuram
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Greaves Cotton is currently trading at Rs. 157.00, up by 1.00 points or 0.64% from its previous closing of Rs. 156.00 on the BSE.
The scrip opened at Rs. 156.70 and has touched a high and low of Rs. 157.35 and Rs. 155.65 respectively. So far 13896 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 258.85 on 21-Jan-2022 and a 52 week low of Rs. 126.15 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 162.25 and Rs. 154.80 respectively. The current market cap of the company is Rs. 3612.38 crore.
The promoters holding in the company stood at 55.54%, while Institutions and Non-Institutions held 12.05% and 32.41% respectively.
As a part of the retail strategy to create pan-India multibrand footprint, Greaves Retail, the retail arm of Greaves Cotton, has inaugurated AutoEVmart, its multibrand EV retail store in Thiruvananthapuram. This is in line with Greaves' ongoing investment in various e-Mobility initiatives to create an unmatched EV ecosystem ranging from superior electric 2W/3W to affordable vehicle finance to national network of after sales and retail.
AutoEVmart aims to strengthen Greaves’ commitment to transform last-mile mobility, reimagine the EV landscape and foster the vision of zero-emissions in India. EVs are witnessing a substantial boost in demand and Thiruvananthapuram is rapidly growing with favorable government policies and changing consumer mindset. The store will reach out to customers across B2B and B2C segments to accelerate clean mobility adoption. The store will offer EV vehicles from over 14 leading EV brands under one roof, to address the rising EV demand. AutoEVmart will enhance the customer experience with product options ranging from e2W scooters, e3W and e-cycles along with quick service, financial assistance, provision of spares, and accessories, among others.
Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.
