facebook
AD

Greaves Cotton acquires Ampere Electric

Authors Image

Pratheek Kunder

17,356 Views
Greaves Cotton acquires Ampere Electric

- Greaves Cotton paid Rs 77 crore for 67 per cent stake

- Might acquire another 13 per cent in a span of three years

Greaves Cotton, an Indian engineering firm has acquired Coimbatore-based Ampere Electric. The engineering firm has paid Rs 77 crore to acquire 67 per cent of Ampere Electric.

Reports suggest that Greaves Cotton may also acquire another 13 per cent stake in Ampere Electric in a span of three years. After this acquisition, Ampere Electric will turn into a subsidiary of Greaves Cotton. The company will be run independently and Hemalatha Annamalai, founder of the company will continue to serve as the CEO of the company. 

 With this acquisition, Greaves Cotton plans to address a wider range of customer segments with clean energy mobility solutions. Over the last few years, many Indian auto manufacturers have invested heavily in EV companies. Hero MotoCorp has invested in a Bengaluru-based start-up Ather Energy. TVS too, has a stake in Ultraviolette Automotive, another electric vehicle start-up based out of Bengaluru.

Ampere Magnus Pro Gallery

  • Ampere
  • other brands
Ampere Nexus
Ampere Nexus
₹ 1,19,900Onwards
Avg. Ex-Showroom price
Show price in my city
Ampere Reo Li Plus
Ampere Reo Li Plus
₹ 59,907Onwards
Avg. Ex-Showroom price
Show price in my city
Ampere Magnus
Ampere Magnus
₹ 79,909Onwards
Avg. Ex-Showroom price
Show price in my city
AD

Featured Scooters

  • Popular
  • Upcoming
TVS Jupiter
TVS Jupiter
₹ 78,030Onwards
Avg. Ex-Showroom price
Show price in my city
TVS Ntorq 125
TVS Ntorq 125
₹ 94,187Onwards
Avg. Ex-Showroom price
Show price in my city
Honda Activa 6G
Honda Activa 6G
₹ 79,329Onwards
Avg. Ex-Showroom price
Show price in my city
Honda Activa Electric
LAUNCHING SOON
Nov 2024
Honda Activa Electric

₹ 1,00,000

Onwards
27th Nov 2024Expected Launch
Hero Destini 125
Hero Destini 125

₹ 83,000

Onwards
Nov 2024 (Tentative)Expected Launch
Lambretta V125
Lambretta V125

₹ 80,000

Onwards
Jul 2025 (Tentative)Expected Launch

Ampere Magnus Pro Price in India

CityOn-road Price
Mumbai₹ 70,467
Bangalore₹ 71,607
Delhi₹ 70,467
Pune₹ 77,470
Hyderabad₹ 70,947
Ahmedabad₹ 70,467
Chennai₹ 70,467
Kolkata₹ 70,467
AD
  • Home
  • News
  • Greaves Cotton acquires Ampere Electric