Greaves Cotton Limited , a renowned engineering company with over 165 years of legacy, has announced a strategic partnership with Ligier Group, a leading European manufacturer of light and heavy quadricycles. This collaboration marks a significant milestone in Greaves Cotton's journey towards global expansion and technological innovation in the automotive sector.

Partnership Highlights

• Greaves Cotton will supply Euro V+ certified 499cc REVO D+ diesel engines to Ligier Group
• The engines will power Ligier's JS50 and Myli microcar models
• Production will take place at Greaves Cotton's Chhatrapati Sambhajinagar plant
• The partnership extends across multiple European countries

Engine Specifications and Performance

The 499cc REVO D+ engines developed by Greaves Cotton boast impressive specifications:

These engines are designed to deliver superior fuel efficiency, exceptional NVH (Noise, Vibration, and Harshness) performance, low friction, and high reliability, catering to the diverse needs of European microcar users.

Market Reach and Impact

The partnership with Ligier Group significantly expands Greaves Cotton's presence in the European market. The REVO D+ engines will be integrated into Ligier vehicles sold across:

• France
• Italy
• Spain
• Germany
• Austria
• Portugal
• The Netherlands
• Belgium
• Luxembourg
• Norway
• Sweden
• Latvia
• Greece
• Lithuania
• Estonia
• Czech Republic

This wide distribution network underscores the trust placed in Greaves Cotton's engineering capabilities and their ability to meet stringent European quality and emission standards.

Strategic Implications

Parag Satpute, Managing Director and Group CEO of Greaves Cotton Limited, emphasized the significance of this partnership, stating, "This partnership with Ligier is a proud milestone for Greaves Cotton, showcasing how a Made-in-India powertrain is driving European mobility solutions. It reflects our strong engineering capabilities, customer-centric approach, and commitment to delivering global quality standards from our Chhatrapati Sambhajinagar plant."

The collaboration not only highlights Greaves Cotton's technological prowess but also positions India as a trusted global supplier of advanced, regulatory-compliant automotive technologies. It demonstrates the company's evolution from a powertrain supplier to a provider of end-to-end mobility solutions tailored for advanced international markets.

Future Outlook

This partnership sets a strong precedent for cross-continental innovation in efficient automotive technologies. As Greaves Cotton continues to strengthen its comprehensive solutions-driven approach, it is well-positioned to meet the demands of global OEMs for high standards of performance, efficiency, and sustainability.

The success of this collaboration could pave the way for more Indian companies to enter and compete in the global automotive market, particularly in the growing segment of eco-friendly and efficient mobility solutions.

Investors and industry observers will be keen to watch how this partnership evolves and potentially impacts Greaves Cotton's financial performance and market position in the coming quarters.

Greaves Cotton Limited , a diversified engineering company, has reported strong financial performance for Q2 FY26 and unveiled its new GREAVES.NEXT strategy aimed at driving future growth. The company's results and strategic initiatives highlight its focus on energy solutions, mobility, and industrial solutions.

Financial Highlights

Business Segment Performance

• Engineering Business: Recorded 31% year-on-year growth with revenue of Rs. 406.00 crore.
• Automotive Business: Witnessed a 48% increase driven by EuroV engine demand from European OEM partnerships.
• Genset Business: Experienced 24% growth, maintaining a market share of around 4%.
• Electric Mobility Division: Reported revenue of Rs. 199.00 crore in Q2 and Rs. 336.00 crore in H1.

GREAVES.NEXT Strategy

Greaves Cotton has launched its GREAVES.NEXT strategy, targeting organic growth of 16-20% CAGR over the next 4-5 years. The strategy focuses on three key areas:

1. Energy Solutions
2. Mobility
3. Industrial Solutions

Electric Mobility Market Share

Greaves Electric Mobility has shown significant improvement in its market position:

• Overall market share increased from 3.2% to 4.2%
• Strong regional presence:
  • 12% market share in Tamil Nadu
  • 14% market share in Bihar
  • 6% market share in Orissa

Financial Position

• The company maintains a net cash positive position
• Return on Capital Employed (ROCE) stands at over 30%

Future Plans

Greaves Electric has filed a Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The company plans a primary raise of Rs. 1,000.00 crore through this offering.

The strong financial performance and strategic initiatives of Greaves Cotton indicate the company's commitment to growth and expansion in the energy solutions and mobility sectors. The GREAVES.NEXT strategy, coupled with the planned IPO for its electric mobility division, positions the company to capitalize on emerging opportunities in these rapidly evolving markets.