Greaves Cotton Limited — JV/Acquisition, 12-08-2025: Acquisition

Greaves Cotton has significantly boosted its stake in **Excel Controlinkage Private Limited**, a key player in motion control systems. The company acquired an additional 10%, raising its total ownership to 80%. Excel, known for its strong market position and integrated manufacturing of push-pull cables and levers, reported FY22 revenue of ₹167 Cr. This strategic move aligns with Greaves Cotton's goal to diversify into new product categories, strengthen its presence in commercial vehicles, and enhance its complete mobility ecosystem. The initial 60% stake was valued at up to ₹385 Cr, highlighting the acquisition's scale.