Results: Greaves Cotton records 76% jump in revenues in non-automotive biz in Q4
Greaves Cotton website
Diversified group Greaves Cotton on Friday said it has seen an exponential growth in its non-automotive business, with revenue from the segment jumping 76 percent in the fourth quarter of last fiscal despite the pandemic.
The growth is a result of the group s diversification strategy to venture into newer and less explored non-automotive business segments, which have emerged as the key growth driver for the company, Greaves Cotton said in a release.
The company s non-automotive business includes non-auto small engine, industrial engines, smart gensets as well as light equipment such as pumpset, light-agri and construction equipment, and industrial equipment.