- 12 Jan 2023
- ICICIdirect Research
GREAVES COTTON SHOWCASES EV PRODUCTS AT AUTO EXPO 2023
GREAVESCOT - 204 Change: -3.49 (-1.69 %)News: Greaves Cotton showcased its EV products at Auto Expo 2023. Greaves Electric Mobility unveiled its new high-speed electric scooters and electric three-wheelers. It has also committed an investment of Rs 1,500 crore to be spent on developing the EV ecosystem. The company has introduced its new high-speed electric scooter, Primus, which will hit the market soon, Primus will come with a range of 107 km. The company also unveiled two new electric scooter concepts, the Ampere NXG and Ampere NXU at the Auto Expo 2023. These products may be introduced during this year. NXU, with its higher payload capacity, is targeted at multiple commercial applications for the gig economy. The company unveiled three new electric three-wheelers — both in the passenger and cargo segments — as this segment appears to be showing a revival with an improving focus on last-mile connectivity
Views: As per plan, Greaves Cotton has launched six new electric two and three-wheelers. Greaves Cotton aims to become India's most complete EV ecosystem player as it has committed an investment of Rs 1,500 crore to be spent on developing the EV ecosystem
Impact: Positive