Greaves Cotton Share Surges Over 3% as Board Approves Up to ₹331 Crore Investment in Greaves Electric Mobility

Greaves Cotton Limited has approved an investment of up to ₹331 crore in Greaves Electric Mobility Limited (GEML) by fully subscribing to its entitlement in the subsidiary's proposed rights issue, as per the exchange filings. 

The decision reflects the company's continued focus on expanding its presence in India's electric mobility sector.  

Strengthening Electric Mobility Business 

The proposed investment underlines Greaves Cotton's commitment to its electric mobility business and its confidence in GEML's growth trajectory. 

According to the company, the capital infusion is intended to strengthen GEML's position in India's rapidly evolving EV market while supporting its long-term business development.  

Management Highlights Long-Term Vision 

Parag Satpute, Managing Director & Group CEO of Greaves Cotton, said the proposed investment reflects the company's "conviction in the long-term opportunity presented by India's transition to sustainable mobility." 

He added that the investment is backed by a "strong balance sheet, healthy cash position and disciplined capital allocation approach," while remaining focused on the broader Greaves.Next growth journey.  

Part of a Broader Growth Strategy 

Greaves Cotton said the investment aligns with its strategy of building future-ready businesses while creating sustainable value for stakeholders. 

With over 165 years of history, the company operates across Energy, Mobility and Industrial Solutions, with businesses including Greaves Electric Mobility and EV-focused NBFC ev.fin. 

Read More: ONGC Share Price in Focus; Approves Development of 1.75 MMT Capacity Strategic Petroleum Reserves! 

Greaves Cotton Share Price Performance  

As of 10 July 2026, at 1:02 PM, Greaves Cotton Ltd share price was trading at ₹243.56 per share, reflecting a surge of 2.67% from the previous trading session. 

Conclusion 

The proposed investment reinforces Greaves Cotton's continued focus on its electric mobility business and reflects the company's long-term commitment to strengthening its presence across India's evolving EV ecosystem.  

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