Vijay Kedia’s Portfolio Multibagger Stock Made Strategic Partnership Signed for 50 Per Cent Energy Saving Motors and 30 Per Cent Lower Emissions in Global Clean Mobility Push
The company reached a 1-year return of 33.68 per cent while demonstrating a 3-year return of -10.29 per cent.
Greaves Cotton Limited and Chara Technologies formed a strategic partnership for sustainable mobility to develop rare-earth-free motor technology. The Aurangabad facility of Greaves Cotton will produce synchronous reluctance motors and controllers that will serve both automotive and non-automotive sectors. These motors provide up to 50 per cent energy savings together with 30 per cent less CO2 emissions because they eliminate rare-earth magnets.
Dr. Arup Basu, Managing Director of Greaves Cotton Ltd., expressed the company's dedication to sustainable mobility through innovative collaboration. Through this partnership Greaves Cotton advances its long-term strategy of adopting emerging technologies and building supply chain resilience to establish India as a vital hub in global clean mobility transformation.
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The diversified engineering company Greaves Cotton Limited manufactures engines along with electric vehicles and infrastructure equipment and maintains a strong market position. The company has multiple operational business segments which include Engines, Electric Mobility, Cables & Control Levers and Others. The Engines segment generated 61 per cent of total business in FY24 while Electric Mobility generated 23 per cent. The three-wheeler engine market of India has Greaves Cotton as its leading manufacturer and the company stands fifth in electric mobility. The company distributes products through its extensive network of 9,000 retail outlets and 200 distributors.
The company has released two new electric products into the market including the Greaves Eltra City electric three-wheeler and the electric two-wheeler Nexus. The company has shifted its focus to expanding its offerings with fuel-agnostic engines and electric powertrain solutions that move away from its traditional diesel engine products.
The current stock price of Greaves Cotton Limited stands at Rs 174.1. The 52-Week High stands at Rs 297.15 while the 52-Week Low reaches Rs 115.6. The market capitalization of Greaves Cotton Limited amounts to Rs 4,286 crore. The company reached a 1-year return of 33.68 per cent while demonstrating a 3-year return of -10.29 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.