Greaves Cotton

Greaves Cotton Ltd. entered a definitive agreement to acquire 60% of Excel ControLinkage Private Ltd. in the first tranche, with plans to acquire 100% through multiple tranches. The deal aims to combine motor controller and electronic sensor competencies for electric powertrain and power electronics segments.

Greaves Cotton signed an agreement to acquire 100% of motion-control systems maker Excel Controlinkage for Rs 385 crore in four tranches, with the first 60% tranche to close in FY26.

Ampere Electric, the electric mobility venture of Greaves Cotton, will set up a 1.4 million sq ft manufacturing plant in Ranipet, Tamil Nadu, with an investment of $95 million over ten years. The plant aims to produce 1 million units per annum.