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Greaves Cotton’s e-mobility arm secures govt’s approval for EMPS Scheme Incentives

09 Sep 2024 Evaluate

Greaves Cotton’s e-mobility arm -- Greaves Electric Mobility (GEMPL) has secured approval from the Ministry of Heavy Industries (MHI) for the registration of its two-wheeler models-Nexus, Primus, Magnus, and Zeal-under the Electric Mobility Promotion Scheme (EMPS) Scheme, making the company eligible for the Government of India’s EV demand incentive scheme.

GEMPL’s three-wheeler business through its subsidiary is already eligible for demand incentives under the EMPS Scheme. With the latest approval, all eligible two-wheeler models are now included, positioning the company to further drive accessible and sustainable mobility across India.

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.


Greaves Cotton Share Price

157.90 -3.50 (-2.17%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Cummins India 5203.70
Greaves Cotton 157.90
Swaraj Engines 4029.25
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