India's Greaves Cotton rises on launch of its latest electric two-wheelers

Greaves Cotton

17/02/2023 05:41

** Shares of Greaves Cotton  GRVL.NS  rise as much as 2.94% 
to 136.65 rupees, post their biggest intraday pct gain in a week
    ** The rise comes after the engineering firm that makes
engines and heavy equipment announces entry into high-speed
electric two-wheeler segment with the launch of Ampere Primus at
109,900 rupees 
    ** Greaves also launches entry-level e-scooter Ampere Zeal
EX, at a price of 69,900 rupees
    ** The latest launches will strength the company's
leadership in electric last-mile mobility, says Sanjay Behl CEO
and executive director of co's electric mobility unit
    ** About 441,866 shares change hands, one-third of the
30-day avg of 1.34 mln shares -  Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))