Greaves Electric Mobility (GEMPL), the e-mobility business of Greaves Cotton, announced that the Ministry of Heavy Industries (MHI) has approved the registration of its two-wheeler models�Nexus, Primus, Magnus, and Zeal�under the EMPS Scheme, making the company eligible for the Government of India`s EV demand incentive scheme. GEMPL`s three-wheeler business through its subsidiary is already eligible for demand incentives under the EMPS Scheme. With the latest approval, all eligible two-wheeler models are now included, positioning the company to further drive accessible and sustainable mobility across India.Powered by Capital Market - Live News

Net profit of Greaves Cotton reported to Rs 10.32 crore in the quarter ended June 2024 as against net loss of Rs 5.08 crore during the previous quarter ended June 2023. Sales rose 12.51% to Rs 639.70 crore in the quarter ended June 2024 as against Rs 568.59 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales639.70568.59 13 OPM %4.27-2.53 - PBDT41.315.39 666 PBT15.26-11.34 LP NP10.32-5.08 LP Powered by Capital Market - Live News

Greaves Cotton will hold a meeting of the Board of Directors of the Company on 8 August 2024.Powered by Capital Market - Live News

Greaves Electric Mobility, through its 3W subsidiary, has announced that its electric 3-wheeler passenger vehicle, Greaves Eltra City, is now available at an unbeatable price of Rs. 3,66,999, owing to the massive surge in demand and positive reception for its bestin-class features. Prioritising comfort, efficiency, and innovation, the Eltra City has been delivering on its promise of `Everything Extra` for both commuters and drivers since its launch early this year.The Eltra City provides a segment-leading range of approximately 160 kilometres on a single charge, powered by a 10.8 kWh lithium-ion battery and 9.6 kW motor, which enables uninterrupted travel and higher profitability for drivers. Further, it is equipped with features like 14-degree gradability, 49 Nm torque, and hill hold assist for a seamless and comfortable driving experience on challenging urban and semi-urban roads. Greaves Eltra City also boasts a state-ofthe-art 6.2 digital instrument cluster with IoT capabilities to assist drivers in leveraging real-time information and navigation conveniently. Engineered with safety as a top priority, the Eltra City features a robust full metal body and comes with a 3-year warranty (which is extendable to 5 years).Powered by Capital Market - Live News

Greaves Cotton announced that the 105th Annual General Meeting (AGM) of the company will be held on 8 August 2024.Powered by Capital Market - Live News