Greaves Cotton is exploring export opportunities for its Ampere brand of electric two-wheelers bolstered by the recent investment from global investor Abdul Latif Jameel in the e-mobility arm. Greaves Electric Mobility is working on new products, both in two and three-wheeler segments, including on high-speed electric scooters, and may launch a few of them by the fiscal-end.
The Saudi Arabia-based family-owned diversified business Abdul Latif Jameel, which has presence across 30-odd countries, announced in June this year its commitment to invest $220-million in the Cotton Greaves' subsidiary. As part of the deal, it has initially invested $150-million (Rs 1,171-crore) for a 35.80 per cent stake in Greaves Electric Mobility.
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.
