GREAVESCOT
Greaves Cotton Limited Appoints Mukul Kanchan as Executive Director & CEO
Greaves Cotton Limited appoints Mukul Kanchan as Executive Director & CEO to scale up Greaves Finance’s EV financing operations.
Greaves Cotton Limited (NSE: GREAVESCOT) has appointed Mukul Kanchan as its Executive Director & CEO, effective October 1, 2026, subject to necessary approvals. With nearly two decades of experience across lending, corporate finance, private equity, and M&A, Mukul joins from Bengaluru-based employee benefits platform Plum, where he served as CFO.
Leadership in EV Financing
Mukul will lead Greaves Finance Limited’s (GFL) next phase of growth, scaling tailored financing for electric two-wheeler buyers through ev.fin, its 100% EV-focused lending platform. ev.fin, launched in 2023, is GFL’s consumer finance technology platform for electric mobility, working with EV manufacturers and their dealer networks to offer financing at the point of sale, serving customers across 86 cities.
Strategic Vision for Scaling EV Financing
Commenting on his appointment, Mukul Kanchan, Executive Director & CEO, Greaves Finance Limited, said, “Electric two-wheelers are fast becoming the everyday choice for India’s commuters, gig workers, and small businesses, and access to simple, fair credit is often what turns that intent into ownership. ev.fin has built strong foundations with leading EV OEM’s across the country. I am delighted to join Greaves Finance, and I look forward to scaling the business responsibly, with sharp credit discipline, a diversified funding base, and partnerships that make EV ownership easier for more Indians.”
At GFL, Mukul will focus on deepening ev.fin’s partnerships with EV OEM’s, including brands like Ampere, broadening the company’s funding base, and building a scalable, well-governed lending franchise with strong credit discipline.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 20.2% over three months and has not found a floor yet. The PEG stands at 4.43 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -20.2% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited Expands Ampere Experience Centers Nationwide
Greaves Cotton Limited (GREAVESCOT) expands Ampere Experience Centers, doubling footprint to 600+ in just over a year.
Greaves Cotton Limited (NSE: GREAVESCOT) announced the addition of more than 50 new Ampere Experience Centers across 15 states, marking a decisive step in its aggressive growth journey. This expansion doubles Ampere’s network footprint to over 600 Experience Centers in just over a year.
Strategic Growth Acceleration
The pan-India expansion is a critical pillar of Ampere’s aggressive growth strategy, bringing integrated product experience, sales, and dependable service closer to customers across priority markets. The new Experience Centers span key markets across four regions: North, East, West, and South.
Enhanced Customer Experience
The larger network will give more customers direct access to Ampere’s portfolio of award-winning electric scooters across varied needs and use cases. The portfolio includes the Ampere Nexus EX+, Magnus GMax, Magnus Neo, and the recently launched Ampere Reo Vyb for younger riders. These scooters are engineered for India’s diverse roads, terrains, and everyday mobility needs.
Commenting on the expansion, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility, said, “Building a nationwide network of Experience Centers is a critical pillar of Ampere’s aggressive growth journey. We are moving with speed, and we have doubled our footprint in just over a year. This reflects the scale of our ambition and our commitment to bring product experience, sales, and dependable service closer to customers in every priority market.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves falls 19.7% over three months and has not found a floor yet. The PEG stands at 4.48 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.3x the volume of sellers. Moreover, they dominated on 15 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises -19.7% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited (greavescot) Unveils Ampere’s New Nexus EX+ with Enhanced Features
Greaves Cotton Limited (GREAVESCOT) announces Ampere’s new Nexus EX+, featuring a powerful 5 kW motor and IoT-enabled Intellipack.
Greaves Cotton Limited (GREAVESCOT) has announced the launch of Ampere’s new Nexus EX+, strengthening its award-winning Nexus EV with IoT-enabled Intellipack. The new Nexus EX+ comes with a more powerful 5 kW motor and an IP65-rated water-resistant charger, enhancing the scooter’s performance and durability.
Enhanced Performance
The new Nexus EX+ features a powerful 5 kW motor, delivering stronger pick-up, 0-40 kmph acceleration in 4.5 seconds, and enhanced gradeability for steep climbs, flyovers, and hilly terrain. The scooter also includes an IP65-rated water-resistant charger, ensuring durability across varied weather conditions.
Smarter Ownership Experience
The Nexus EX+ is equipped with next-generation LFP battery technology, promising a long battery life of 200,000 km. Combined with lower running costs, this long-life battery provides a strong total cost of ownership advantage for customers transitioning from petrol scooters to electric mobility. The scooter is available in two variants: Nexus EX+ priced at INR 1,29,999 and Nexus EX+ with Intellipack priced at INR 1,35,999, offered in premium colors Carbon Knight and Steel Grey.
Speaking on the launch, Mr. Vikas Singh, Managing Director, Greaves Electric Mobility, said, “The Nexus has consistently demonstrated Ampere’s focus on purposeful innovation, durability, and real-world performance. With the launch of the new Nexus EX+, we are strengthening this award-winning EV platform with IoT-enabled Intellipack, stronger performance, and greater everyday confidence. Intellipack makes ownership smarter and more convenient, while the 5 kW motor enhances pick-up and gradeability across flyovers, hilly roads, pillion riding, and load-bearing conditions. The IP65-rated charger further adds to the product’s reliability across varied weather conditions. This is another step in building electric scooters that are practical, resilient, and aligned with the evolving needs of Indian riders.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG stands at 4.75 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 2.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The stock rises -0.3% in three months on 8.6% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Greaves Cotton Limited.
GREAVESCOT
Greaves Cotton Limited (greavescot) Embarks on Ampere Magnus Gmax Ultimate Endurance Ride
Greaves Cotton Limited’s Ampere Magnus GMax begins a 4,000 km endurance ride across India, showcasing durability and reliability.
Greaves Cotton Limited (NSE: GREAVESCOT) has initiated the Ultimate Endurance Ride with its electric scooter, Ampere Magnus GMax. This ambitious ~4,000 km journey from Dong, Arunachal Pradesh to Guhar Moti, Gujarat, marks a significant milestone for the company’s electric mobility division, Ampere.
Diverse Terrain and Weather Conditions
Ridden by Girish Seth of Weekend on Wheels, the 15-day expedition will traverse 8 states, exposing the scooter to varied terrains and weather conditions. The ride will cover high-altitude mountain roads, highways, urban stretches, and coastal terrains, testing the scooter’s durability and reliability.
Technological Advancements
The Ampere Magnus GMax will showcase its Next Gen LFP battery, which offers a remarkable 2,00,000 km battery life, along with its dual frame chassis and NxG.io smart technology. These features are designed to ensure durability, reliability, and endurance under diverse conditions.
Speaking about the expedition, Mr. Vikas Singh, Managing Director of Greaves Electric Mobility Limited, emphasized the company’s philosophy of ‘Built for Bharat’. He stated, ‘The Ultimate Endurance Ride is about demonstrating that when technology, reliability, and performance are built around Bharat, electric mobility can become a truly smart ride for India.’
The ride will make key stops in Patna, Varanasi, and Jaipur, providing opportunities for engagement with Ampere’s dealer network, riders, and local stakeholders. The completion of this journey will further solidify Ampere’s position as Bharat Ki Smart Ride.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Greaves Cotton Limited
Greaves Cotton Limited belongs to the Industrials › Specialty Industrial Machinery sector. Here’s a quick read on where the business and the stock stand today.
Greaves posts a 2.2% three-month gain, but softens in the last few weeks. The PEG stands at 4.14 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Sellers drive 1.6x the volume of buyers. Furthermore, they controlled 16 of recent sessions versus 13 for buyers — a clear distribution signal. Revenue grows at 8.6% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Greaves Cotton Limited.
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