Greaves Cotton has entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV Company Ampere Vehicles. This acquisition will accelerate the development of clean energy technology solutions for mobility needs of passengers and small businesses.
The company aims to create enhanced value for its shareholders by investing in advanced clean energy technologies through partnerships in India and worldwide. This acquisition in the electric mobility segment underscores the strategic intent of Greaves.
Greaves Cotton, a 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.