Greaves Cotton Limited — Updates, 09-04-2025: Press Release

Greaves Cotton Limited has partnered with Chara Technologies to enhance sustainable mobility using rare-earth-free motor technology. This collaboration will focus on manufacturing synchronous reluctance motors and controllers at Greaves' facility in Shendra, Aurangabad. These components aim to cater to both automotive and non-automotive sectors, including L5 three-wheelers and golf carts. The rare-earth-free motors are expected to improve energy efficiency by up to 50% and reduce CO2 emissions by 30%, thereby strengthening Greaves' position in the EV ecosystem in India. This strategic tie-up aligns with Greaves' vision of fostering innovation and sustainability in the electric mobility market, potentially positioning the company as a key player in the clean mobility transition. Investors should watch this partnership closely as it could significantly enhance Greaves' competitive advantage and market offering.