Greaves Cotton partners with Chara Technologies for rare earth-free motor technologyGreaves Cotton partners with Chara Technologies for rare earth-free motor technology

Introduction:

Leading engineering company has joined hands with Chara Technologies to manufacture rare-earth-free synchronous reluctance motors and controllers, driving energy-efficient and sustainable mobility solutions for various automotive and industrial applications in India.

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Share price movement of Greaves Cotton:

On April 9, 2025, Greaves Cotton Ltd. opened at ₹184.55, up 0.11% from its previous close of ₹184.35. The stock touched a high of ₹184.55 and a low of ₹173.35. By 4:00 PM, it traded at ₹174.10, down 5.56%, with a market cap of ₹4,047.50 crore.

Greaves Cotton and Chara Technologies Join Forces for Sustainable Mobility:

Greaves Cotton Ltd., a leading engineering company, has partnered with Chara Technologies to manufacture rare-earth-free synchronous reluctance motors and controllers for electric mobility at its Shendra, Aurangabad facility.

The motors and controllers, designed for L5 three-wheelers, golf carts, and four-wheelers, will be exclusively manufactured by Greaves. The collaboration combines Chara’s motor expertise with Greaves’ R&D and manufacturing capabilities.

These motors eliminate electromagnetic losses and use sustainable materials, offering up to 50% energy savings and a 30% reduction in CO2 emissions. Greaves will use this technology to design EV solutions for OEMs in India.

Stock performance of Greaves Cotton for Period of 1 week, 6 months, and 1 year:

Greaves Cotton Ltd. delivered a -18.8% return over the past week, gained 1.68% in the past six months, and rose 27.0% over the past year.

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Shareholding pattern of Greaves Cotton:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	55.90%	55.90%	55.90%
FII	2.40%	1.00%	1.20%
DII	3.50%	3.80%	3.80%
Public	38.20%	39.20%	39.20%

About Greaves Cotton:

Greaves Cotton Limited (NSE: GREAVESCOT) is a 165-year-old engineering company offering fuel-agnostic mobility solutions. It operates five business units, driving innovation, green mobility, and digital integration across India’s evolving transportation ecosystem.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.