A video capturing details - Is this EV stock next Multibagger? Greaves Cotton Stock Analysis हिंदी - YouTube
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Greaves Cotton to accelerate EV transition with ‘Made in
India’ electric powertrain solutions, underpinned by global
technology.
● Partners with UK-based design firm, Eta Green Power Ltd to bring exclusive technology to the
Indian market.
● To introduce motor controllers, battery chargers & integration software to meet the emerging
needs of the EV ecosystem.
● E-powertrain suite will be characterized by a unique combination of design, engineering,
materials chemistry, weight, and aesthetics.
● Leveraging decades of engineering expertise, Greaves to manufacture ‘Made in India’
powertrains for electric vehicles at Aurangabad.
Company is committed and going full guns
its only a matter of time for results to show up
Disc. Invested and biased
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Interesting article on Greaves Electric Mobility business:
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The article values EV biz at approx 1900 crs. Taking this and base biz financials can smone share thr shot at wat’s the intrinsic value of the co. nd how mch discount is factored in the current price
Was checking the vahan registration portal . Ola and ather has degrown from feb 23 but ampere has shown growth month on month.
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Can you share the link
On Vahan, Ampere registrations fell from 12k last November, and is still 6.4k this month. So the battery-standard transition is taking more time. On the positive side they are spending more on marketing (EV partner for Royal Challengers in T20), and the new Primus registrations should show up soon. Also waiting for their NXG launches in June.
@Abhay1 For checking Vahan, go to https://vahan.parivahan.gov.in/vahan4dashboard/vahan/view/reportview.xhtml
Select Y-Axis = “Maker”, X-Axis = “Month wise”, click Refresh. On the left panel (under the bouncing arrow) select Fuels = “Electric (BOV)”, click Refresh in that panel, and download the Excel file.
Disclosure: Invested
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Primary sales (to dealers) are captured in the revenues. Last Quarter, primary sales were very low but secondary sales were very high (as per Vahan).
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Thanks. That’s very handy to track.
Out of Top 6, Ola, Hero & Okinawa had declining trend for the 3 months, TVS had flattish 2 months after Jan. Ather had a see saw MoM sales, growth in Feb and then decline in March. Greaves is the only player which showed good sales increases MoM over the last 3 months. Greaves & Hero are neck to neck in 4th position race.
OLA ELECTRIC TECHNOLOGIES PVT LTD
Jan: 18,337
Feb: 17,711
Mar: 15,711
Total 51,759
TVS MOTOR COMPANY LTD
Jan: 10,463,
Feb: 12,646
Mar: 12,348
Total : 35,457
ATHER ENERGY PVT LTD
Jan: 9,228
Feb: 10,063
Mar: 9,175
Total : 28,466
AMPERE VEHICLES PRIVATE LIMITED
Jan: 4,370
Feb: 5,849
Mar: 9,333
Total : 19,552
HERO ELECTRIC VEHICLES PVT. LTD
Jan: 6,399
Feb: 5,865
Mar: 4,201
Total : 16,465
OKINAWA AUTOTECH PVT LTD
Jan: 4,408
Feb: 3,846
Mar: 3,078
Total : 11,332
I am seeing it as an opportunistic bet, given the battering stock has taken and the growth opportunity that the sector provides. Expecting QoQ basis much stronger number given their last Q primary sales were impacted due to AIS 156 guidelines for the battery. They have already indicated in their call that Jan primary sales were larger than entire Q3. and secondary sales MoM growth is very encouraging. I feel, among the top 6 players in EV2W, this may be the only clean shot that stock market investors have at participating in this transition from ICE to EV.
Disc: Invested recently between 125-130 range.
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March Nos. got updated.
OLA ELECTRIC TECHNOLOGIES PVT LTD
Jan: 18,337
Feb: 17,711
Mar: 21,220
Total 57,296
TVS MOTOR COMPANY LTD
Jan: 10,463,
Feb: 12,646
Mar: 16,731
Total : 39,841
ATHER ENERGY PVT LTD
Jan: 9,228
Feb: 10,063
Mar: 12,067
Total : 31,366
AMPERE VEHICLES PRIVATE LIMITED
Jan: 4,370
Feb: 5,849
Mar: 9,333
Total : 19,554
HERO ELECTRIC VEHICLES PVT. LTD
Jan: 6,399
Feb: 5,865
Mar: 6,652
Total : 18,916
OKINAWA AUTOTECH PVT LTD
Jan: 4,408
Feb: 3,846
Mar: 4,505
Total : 12,775
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c30e66b0-6780-474a-a4c5-5eb2486642d6.pdf
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The sale of this land has been in the approval stage for the past 1.5 years. Does someone have any idea why is getting such approval so difficult?
Though tthe month has just started
Ampere is clocking vahan registration same as ather .
Okinawa and hero are lagging behind.
Ola
TVS
Ampere
Ather
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Nxg launch in June?? Can you share the source of this if any??
Good efforts to increase brand awareness
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One of the Auto Expo videos mentioned NXG launch in June and NXU at end of the year. Can’t find it, but here is one video where he mentions NXG in middle of the year: Greaves Cotton Unveils Made In India 2-Wheelers At Auto Expo 2023 | BQ Prime - YouTube
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Good to hear this. Thanks for sharing. If introduced at the right price, it will have very good sales
Greaves cotton is a long term pick!!
It’s EV arm likely to get profits in FY25. So, investors should have patience to hold this for long term. It’s size when compared to opportunity is very attractive.
Management is proactive and it’s legacy might give you a comfort to hold for such long periods.
Very interesting bet…
Disc: Holding
With thanks
Be and Make
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Interacted with ampere dealer
He is saying nxg will be launched at the end of this calendar year 
Primus deliveries will start from the end of April it seems(currently they started taking bookings)
But anyway there’s very good uptick in volumes(As per vahan)
I have asked him whether this is because of zeal Ex. He said majority of sales happening from magnus ex only
So avg revenue per vehicle wouldn’t go down.
EV powertrain commercialization will be major trigger
Acquisitions will be cherry on the cake
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