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Greaves Cotton advances on entering into technology partnership with Pinnacle Engines

14 Jun 2017 Evaluate

Greaves Cotton is currently trading at Rs. 161.90, up by 4.70 points or 2.99% from its previous closing of Rs. 157.20 on the BSE.

The scrip opened at Rs. 161.00 and has touched a high and low of Rs. 162.80 and Rs. 160.00 respectively. So far 23,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 178.00 on 04-May-2017 and a 52 week low of Rs. 115.20 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 162.80 and Rs. 153.00 respectively. The current market cap of the company is Rs. 3,953.00 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 33.52% and 15.47% respectively.

Greaves Cotton has entered into a technology partnership with Pinnacle Engines Inc. US, for launch of a revolutionary Opposed Piston Petrol/CNG lean burn BSVI-compliant engine for 3-wheelers in India. This move is seen as an important milestone for Greaves to establish itself as a leading fuel agnostic powertrain solutions & services company. This also allows Greaves access to export markets with large 3-wheeler population.

This partnership enables Greaves, currently the market leader in the 3-Wheeler diesel engine space, to enter the larger 3-wheeler petrol/CNG space, with a powerful customer value proposition. The partnership leverages strengths on both sides, provides opportunities to enter new markets and customer segments.

Greaves Cotton, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets.


Greaves Cotton Share Price

161.40 3.15 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Cummins India 5141.75
Greaves Cotton 161.40
Swaraj Engines 4049.20
View more..

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