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Greaves Cotton to continue investments towards diversification: Group CEO & MD


February 12, 2021
Nagesh Basavanhalli, Group CEO & MD, Greaves Cotton Limited×
The company is investing heavily in e-mobility; on the supply chain side, rise in commodity prices remains a challenge
Engine maker and engineering company Greaves Cotton’s diversification strategy, which began four years ago, has paid off amid the pandemic, and the 162-year-old company will continue to invest towards diversification, a top company official said.
During the third quarter of the fiscal year, Greaves Cotton has seen every business vertical growing, except for its auto engines business, due to the pandemic’s impact on shared mobility and commercial vehicles. On a year-on-year basis, in Q3, the company’s auto engines’ business declined by 56 per cent, while non-auto engines grew by 44 per cent. Its genset and light equipment business grew overall by 25 per cent, while its e-mobility products business grew by 28 per cent. ....

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