Greaves Cotton Limited, a prominent engineering company in India, has posted robust financial results for the quarter ending December 31, 2024. The strong performance reflects the company’s successful implementation of its diversification strategy, fuel-agnostic approach, and focus on building a sustainable, digitally integrated ecosystem, which has supported consistent growth and long-term value creation. For Q3 FY25, Greaves saw consolidated revenue reach ₹751 crore, with standalone revenue growing by 13% to ₹502 crore. Excel contributed ₹69 crore to the quarterly revenue.
Nagesh Basavanhalli, Non-Executive Vice Chairman of Greaves Cotton, commented, “We are driving the shift to a more sustainable and inclusive economy through fuel-agnostic solutions and a customer-focused, digitally integrated approach. By embracing innovation, we aim to empower lives and create long-term value for all our stakeholders.”
Akhila Balachandar, Chief Financial Officer at Greaves Cotton, noted, “Our Q3 results highlight the strength of our diversification efforts, with notable growth in both our Engineering and Retail segments, up 14% and 13% respectively.”
At the recent Auto Expo 2025, Greaves presented its wide range of fuel-agnostic engines and advanced powertrain technologies, including a hydrogen-powered engine. The company also showcased its vision for creating a complete sustainable mobility ecosystem.
Greaves Electric Mobility unveiled innovative electric two- and three-wheelers, including updated versions of the Ampere Nexus and Magnus scooters, as well as advanced charging solutions for two-wheelers. These innovations underscore Greaves’ commitment to democratizing sustainable mobility and meeting the growing demand for eco-friendly transport in India.
Looking ahead to 2025, Greaves remains focused on long-term value creation, growth, and navigating market challenges. With its forward-thinking strategies, the company is poised to lead India’s evolving mobility and engineering sectors.
Greaves Cotton Limited (GCL), a diversified, multi-product, multi-fuel engineering company, has a legacy of 165 years. Originally known for its single-cylinder diesel engines, Greaves has transformed into a comprehensive mobility solutions provider, focused on sustainability. The company is committed to enabling India’s transition to green mobility and aims to impact a billion lives by 2030. Through its business units—Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies—the company is well-positioned to lead India’s EV and sustainable mobility markets, remaining a trusted partner in shaping the future of mobility in India.
