Introduction:
Leading EV company partners with Indofast Energy to enhance last-mile mobility solutions, focusing on battery swapping technology for efficient, cost-effective operations, particularly for gig economy riders and fleet services. This collaboration aims to drive sustainable and smart transportation solutions.
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Share price movement of Greaves Cotton:
On March 6, 2025, Greaves Cotton Ltd. opened at ₹238.85, up 1.47% from its previous close of ₹235.35. The stock reached a high of ₹242.05 (2.85%) and a low of ₹234.50. By 12:30 PM, it traded at ₹236.80, a 0.62% increase, with a market cap of ₹5,505.16 crore.
Greaves Electric Mobility Partners for Battery Swapping:
Greaves Electric Mobility Limited (GEML), part of Greaves Cotton Limited, has partnered with Indofast Energy to revolutionize last-mile transportation. This collaboration focuses on offering efficient e-2W solutions powered by battery swapping technology, catering to B2B fleets and ride-sharing services.
The partnership introduces the Ampere ‘Magnus SW.S’ scooter, designed for gig economy riders. It aims to cover over 100 km daily, minimizing downtime with quick battery swaps. Indofast Energy’s expanding battery-swapping network will enhance operational efficiency for businesses and fleet operators across India.
The Ampere ‘Magnus SW.S’ features a 2.4 kW motor, offering smooth performance on steep gradients. It is equipped with a 151 kg payload capacity, ideal for heavy-duty operations. The IoT-enabled scooter also offers improved fleet management, aligning with Greaves’ mission to promote sustainable mobility and reduce operational costs for customers.
Recent news on Greaves Cotton:
As of February 18, 2025, Greaves Cotton Ltd. highlighted its focus on sustainable mobility at the Bharat Mobility Expo. The company aims to develop clean mobility solutions with a capital investment of INR 1,500 crore, emphasizing innovation and a “Made in India” EV ecosystem.
Stock performance of Greaves Cotton for Period of 1 week, 6 months, and 1 year:
Greaves Cotton Ltd. has seen a decline of 4.37% over the past week. However, the stock has experienced strong growth over the last six months, rising 42.4%, and has shown impressive 1-year returns of 63.9%, reflecting its robust performance.
Shareholding pattern of Greaves Cotton:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 55.90% | 55.90% | 55.90% |
| FII | 2.40% | 1.00% | 1.20% |
| DII | 3.50% | 3.80% | 3.80% |
| Public | 38.20% | 39.20% | 39.20% |
About Greaves Cotton:
Greaves Cotton Ltd (NSE: GREAVESCOT) specializes in manufacturing engines, engine applications, and electric vehicles. The company also trades in power tillers, engine spares, and infrastructure equipment, supporting sustainable mobility and infrastructure development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
