I believe, this return of money to ministry should get it of the hook. The time taken is material.
It’s other verticals are doing well. But EV subsidiary is the main driver of growth. It’s scooter sale at acceptable price(with subsidy) is essential.
If it dips more I will buy.
Greaves Electric Mobility, a key subsidiary of the company, has received preliminary approval from the Ministry of Heavy Industries to participate in government electric vehicle incentive programs.
If GEMPL meets the specific criteria of these schemes, it could be eligible for government incentives on a going-forward basis.
All - keen to check peoples pulse and perception - what do you think about Greaves now post OLA listing and the premium it has garnered for itself
Has your view/s changed about Greaves valuation post OLA’s listing
Greaves Cotton is one of the finest engineering company
But de-focused on capital good segments (non-auto) during last five years…
किर्लोस्कर oil took full advantage of this situation and gained market share.
Their EV business is not doing well … it is a tricky business and requires a very deep pocket.
The first time their latest EV स्कूटर nexus viewed significantly good
