Greaves Cotton Limited has informed the Exchange regarding a press release dated July 23, 2025, titled "Greaves Electric Mobility s newly launched Eltra City XTRA Does the Unbelievable: 324 KM on a Single Charge, Sets New National Record".
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Greaves Cotton's subsidiary, Greaves Electric Mobility Limited (GEML), announced that its newly launched electric 3-wheeler, the Eltra City XTRA, completed a 324 km ride from Bengaluru to Ranipet on a single charge, earning a spot in the India Book of Records for longest distance travelled by an electric passenger 3-wheeler on one charge. The vehicle, an upgrade of the Eltra City that previously covered 225 km in 2024, features a 9.5 kW motor, 10.75 kWh LFP battery, 60 kmph top speed, ~170 km true range under normal load, 330 kg payload capacity, and 4-5 hour charging time. It comes with a 5-year/1.2 lakh km battery warranty and 3-year/80,000 km vehicle warranty. The announcement also reminds readers that GEML filed a DRHP with SEBI on December 23, 2024 for a planned IPO. This is largely a marketing/product showcase event rather than a financial disclosure.
Positive brand visibility for Greaves Cotton's EV arm ahead of its planned IPO, but this is a marketing milestone, not a financial update — so direct effect on Greaves Cotton's stock or near-term earnings is likely limited.