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Greaves Cotton completes acquisition of Ampere Vehicles

14 Nov 2019 Evaluate

Greaves Cotton has completed its acquisition of entire shareholding of Hemalatha Annamalai in Ampere Vehicles through secondary purchase, thereby acquiring absolute control in its subsidiary Ampere Vehicles. This is part of Greaves’ long-term strategy to strengthen and expand its presence in last-mile e-Mobility space that is seeing significant interest from government and commuters alike.

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.

Peers
Company Name CMP
Cummins India 4358.85
Kirloskar Oil Engine 1815.00
Greaves Cotton 183.65
Swaraj Engines 3425.95
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