Greaves Cotton Limited, a leading diversified engineering company in the world, is pleased to announce the appointment of Varghese M Thomas as Chief Communication Officer.
Greaves Cotton Ltd is awaiting necessary regulatory approvals and accordingly the definitive agreements have not yet been finalized between the parties. The company is expecting to close the transaction by the end of first quarter of FY 2023-24.
Greaves Electric Mobility Pvt Ltd has issued invocation notice on second stage acquisition to MLR Auto Ltd and the modalities of the same are currently under discussion, which is expected to be closed by the end of FY 2022-23.
Greaves Electric Mobility Private Limited, the e-mobility business of Greaves Cotton Limited, has achieved over 1 lakh retail sales of its brand Ampere electric 2 wheelers in FY23.