The company said that Covid-19 pandemic continued to significantly impact the business in Q1FY21. However, with the proactive shift in approach and managing cost efficiently, it ensured business continuity in these difficult times and kept the stakeholders engrossed.
"Today, Greaves is spearheading the electric vehicle adoption in the country by building one of the fastest-growing electric vehicle (EV) product portfolios under Ampere Electric and expanding its footprint across the country even during post-Covid... Further, the company is committed to accelerate and support the country’s transition by building robust EV ecosystem support across country. Today with more than 500+ Greaves Retail touchpoints, the company has emerged as one of largest one-stop shop & Mobility enabler for last mile vehicles. This vision has strengthened financing business with Greaves Finance," it said.
Besides, the Board of the company approved the resignation of Nagesh Basavanhalli as Managing Director and CEO and appointed him as the Vice Chairman (Non-Executive) with immediate effect. READ HERE
Limited is a diversified engineering company and a leading manufacturer of Cleantech Powertrain Solutions (CNG, Petrol and Diesel Engines), Generator sets, Farm equipment, E-Mobility, Aftermarket spares and services
At 11:06 am, the stock was quoting at Rs 84.85 per share, down around 3 per cent, as against 0.23 per cent rise in the benchmark S&P BSE Sensex.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.