Greaves Cotton is evolving its mobility strategy to address the future needs of the vehicle industry, including CNG and electric vehicles.
The diversified engineering company which is an engine maker for various automobile manufacturers operates in four verticals — mobility, farm, power and energy and after market.
It expects mobility solutions to continue to play a major role in its future growth. Nagesh Basavanahalli, chief executive officer and managing director of Greaves Cotton, was quoted as saying by Business Standard: “I think we are in an exciting phase of transition, where like a set diesel engine company is moving towards becoming a solutions and services company.”
“As part of expanding its reach to energy sources other than petrol and diesel, the company has entered the CNG engine segment in three-wheelers, and currently sells over 1,000 engines a month. It has also signed an pact with Pinnacle Engines to bring a state-of-the-art CNG engines to the Indian market within the BS-VI timeline,” said the BS report.
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