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Greaves Cotton’s arm signs definitive agreements to make investment in MLR Auto

13 Aug 2021 Evaluate

Greaves Cotton’s wholly owned subsidiary -- Ampere Vehicles has signed definitive agreements on August 13, 2021, to make investment in MLR Auto. The acquisition shall be subject to completion of customary closing and other conditions agreed between the parties. The acquisition enables Ampere to expand its last mile mobility product portfolio and offer L5 3W to its retail and B2B customers.

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.

Peers
Company Name CMP
Cummins India 4828.10
Kirloskar Oil Engine 2243.65
Greaves Cotton 221.00
Swaraj Engines 3522.85
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