Greaves Cotton inches up as its arm’s electric two-wheeler brand launches 50,000th electric two-wheeler
Greaves Cotton is currently trading at Rs. 137.55, up by 0.10 points or 0.07% from its previous closing of Rs. 137.45 on the BSE.
The scrip opened at Rs. 137.50 and has touched a high and low of Rs. 137.50 and Rs. 134.40 respectively. So far 33106 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. 148.90 and Rs. 134.40 respectively. The current market cap of the company is Rs. 3182.83 crore.
The promoters holding in the company stood at 55.55%, while Institutions and Non-Institutions held 12.65% and 31.79% respectively.
Greaves Cotton’s wholly-owned electric mobility subsidiary -- Greaves Electric Mobility’s electric two-wheeler brand Ampere has launched its 50,000th Two Wheeler Electric Scooter off the assembly line at the company’s EV megasite in Ranipet (Tamil Nadu) from its commencement of operations. This remarkable momentous has been fuelled by the conscious shift of consumers towards sustainable and affordable electric mobility, growing product awareness, increased fuel prices and heightened cognisance about environmental issues.
The Ranipet EV manufacturing plant was set up with the goal of disrupting the Indian transportation landscape and creating an affordable and sustainable ecosystem for clean last-mile mobility in the country. The production achievement of 50,000 electric vehicles at this facility is the realisation of this vision and stands testament to the trust that customers have in Ampere and its products.
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