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.