Greaves Cotton acquires 60% stake in Excel Controlinkage, the rest by 2026 in 3 tranches

This acquisition will enable Greaves to build a complementary product portfolio with common customer segments, commence its international footprint and export revenues, and aid in the growth of the fuel-agnostic powertrain portfolio. As Greaves strengthens its EV ecosystem, the latest initiative also accentuates Greaves’ strategy of building mechanical to mechatronic to electronic capabilities, the company said.

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