Greaves Electric Mobility Secures Government of India's Approval for EMPS Scheme Incentives

Greaves Electric Mobility Private Limited (GEMPL), the emobility business of Greaves Cotton Limited, announces that the Ministry of Heavy Industries (MHI) has approved the registration of its two-wheeler models-Nexus, Primus, Magnus, and Zeal-under the EMPS Scheme, making the company eligible for the Government of India's EV demand incentive scheme.

GEMPL's three-wheeler business through its subsidiary is already eligible for demand incentives under the EMPS Scheme. With the latest approval, all eligible two-wheeler models are now included, positioning the company to further drive accessible and sustainable mobility across India.

K. Vijaya Kumar, Executive Director & CEO, Greaves Electric Mobility, said, "Resuming our place in the EMPS scheme underscores our unwavering commitment to our consumers towards accessible and sustainable mobility solutions. We continue to lead with innovation in India's EV journey."

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 165.30 as compared to the previous close of Rs. 167.25. The total number of shares traded during the day was 139330 in over 1834 trades.

The stock hit an intraday high of Rs. 168.85 and intraday low of 163.00. The net turnover during the day was Rs. 23120642.00.

Source : Equity Bulls

Keywords

GreavesCotton INE224A01026 GreavesElectricMobility MHI RegistrationApproval TwoWheeler EVModels EMPSScheme EVDemandIncentiveScheme