Greaves Cotton, one of India’s leading diversified engineering companies Greaves, aims to invest in advanced clean energy technologies through partnerships in India and worldwide. They have recently entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV company Ampere Vehicles Pvt. Ltd, subject to customary closing conditions. Ampere is one of the leading brands in the last mile mobility electric vehicles segment. It has strong in-house capabilities in designing, developing, manufacturing & marketing electric vehicles with a wide range of applications. This acquisition will accelerate the development of clean energy technology solutions for mobility needs of passengers and small businesses.
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