Greaves Cotton exploring export opportunities for electric 2-wheelers

The Saudi Arabia-based family-owned diversified business Abdul Latif Jameel, which has presence across 30-odd countries, announced in June this year its commitment to invest USD 220-million in the Cotton Greaves' subsidiary. As part of the deal, it has initially invested USD 150-million (Rs 1,171-crore) for a 35.80 per cent stake in Greaves Electric Mobility.

from Auto-Industry-Economic Times https://ift.tt/Rfh3KvL