In the past, we had anticipated that the industry size for FY2023 would be roughly about 600,000-700,000 electric two-wheelers, which was about 4-5% of the two-wheeler market. Last year electric two-wheeler sales were about 250,000 units, so even if we finish at 700,000 this year, there will be 3x growth. And from here on, doubling it to next year directionally seems logical.We see the robust gro...

Shares of Greaves Cotton surged about 8% on the BSE in Thursday's early deals after the company announced that Saudi Arabian firm Abdul Latif Jameel International will invest in the firm's electric vehicle (EV) arm, Greaves Electric Mobility (GEM).“Greaves Electric Mobility announces a strategic investment by Abdul Latif Jameel, an independent, family-owned, diversified global investor and opera...

Nifty futures on the Singapore Exchange traded merely 0.5 points at 17,440, signaling that Dalal Street was headed for a flat start on Monday. Here are a dozen stocks which may buzz the most in today's trade:Tata Motors: The hiving off and transfer of Tata Group auto arm's entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect from Saturday, the homegrown...

NEW DELHI: Shares of Greaves Cotton NSE 10.22 % surged 9 per cent in trade on Monday after the company’s e-mobility arm, Greaves Electric Mobility, said it has sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales from a year ago.The strong sales performance gives fresh impetus to Greaves Electric Mobility’s position as a market leader in ...