India's Greaves Cotton rises after unit announces global foray

Greaves Cotton

04/12/2023 06:30

** Shares of Greaves Cotton  GRVL.NS  rise as much as 3.94%
to 137.20 rupees apiece, highest since Oct. 12, 2023
    ** Company's unit Greaves Electric Mobility announces foray
into global markets with the introduction of its Ampere electric
two-wheelers in Nepal in collaboration with Kedia Organisation
    ** Nepal is a key prospective market for electric vehicles,
due to escalating fuel expenses and focus on environmental
sustainability, says GRVL
    ** Trading volume is 1.2 million shares as of 11:55 a.m.
IST, 1.7 times the 30-day avg - LSEG data
    ** Including today's gains, GRVL down 3% in 2023 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))