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Greaves Cotton is engaged in manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc.(Source : 202003 Annual Report Page No:98)
India Ratings and Research Private Limited has affirmed Greaves Cotton's Long-Term Issuer Rating at "IND AA-", maintaining a Stable Outlook. Bank loan facilities of INR 120 Cr have been assigned and INR 83 Cr reaffirmed, both at "IND AA-/Stable". This indicates a consistent and stable credit profile for the company.
Greaves Cotton has completed the acquisition of Excel Controlinkage Private Limited by acquiring the remaining 20% stake, making Excel a wholly-owned subsidiary. Excel is a leader in mechanical and electronic motion control systems, including push-pull cables and levers, serving commercial vehicles and other heavy equipment. The initial acquisition of a...
Greaves Electric Mobility (subsidiary) upgraded its Ampere Magnus G Max scooter. It now features 30+ IoT-enabled smart functions like Cruise Control, Hill Hold, and Turn-by-Turn Navigation. Priced at INR 1.10 Lakh, it offers a smarter, feature-rich EV experience.