Greaves Cotton Exploring Export Opportunities For Electric Two-Wheeler

Greaves Cotton is exploring export opportunities for its Ampere brand of electric two-wheelers bolstered by the recent investment from global investor Abdul Latif Jameel in the e-mobility arm.

The Saudi Arabia-based family-owned diversified business Abdul Latif Jameel, which has presence across 30-odd countries, announced in June this year its commitment to invest USD 220-million in the Cotton Greaves’ subsidiary.

As part of the deal, it has initially invested USD 150-million (`1,171-crore) for a 35.80 per cent stake in Greaves Electric Mobility.

The city-based diversified engineering company has presence in  five businesses—engine manufacturing, electric mobility, retail, financing as well as technology.

Greaves Electric Mobility manufactures two-wheelers under the Ampere brand while three-wheelers, e-auto and e-rickshaws, are produced under the Ele and the Teja brands.

“We are exploring export opportunities for our two-wheeler (Ampere) brand. We are still discussing it internally but exports definitely are on our mind,” Basavanhalli told PTI. “Our partner (Abdul Jamil Latif) has presence across 32 countries and strong partnership globally with certain other global marquee companies”, he said. 

Source: PTI