Greaves Cotton Limited , a renowned diversified engineering company with a legacy spanning over 165 years, has announced a strategic initiative called 'GREAVES.NEXT'. This future-focused business strategy aims to position the company for its next phase of growth, innovation, and global relevance.

Key Focus Areas

The 'GREAVES.NEXT' strategy centers around three core sectors:

1. Energy Solutions
2. Mobility Solutions
3. Industrial Solutions

This strategic framework aligns with Greaves Cotton's core strengths and is designed to capture growth opportunities in the evolving energy, mobility, and new engineering application landscape, both in India and globally.

Strategic Objectives

The company has outlined several key objectives as part of its new strategy:

• Strengthen its position as a trusted, future-ready engineering company
• Create long-term value through reliable products, sustainable technologies, and customer-centric innovation
• Target sustained revenue growth over the next five years
• Drive innovation in low-emission, energy-efficient, and sustainable products

Business-Specific Strategies

                 - Build a robust distribution network
                 - Enhance customer lifetime value |

| Mobility Solutions | - Deepen OEM collaborations - Expand product platforms into new adjacencies - Shape the alternative fuel powertrain ecosystem | | Industrial Solutions | - Develop new & compact platforms for emerging applications - Build stronger OEM partnerships and dealer networks - Sustain leadership in critical segments such as firefighting |

Organizational Enablement

To support this strategic shift, Greaves Cotton is focusing on:

• Strengthening leadership depth
• Accelerating digital enablement and performance visibility
• Embedding operational excellence and superior R&D across acquired companies

Global Expansion

The strategy also emphasizes scaling the company's presence in strategic and high-potential global markets, aiming to increase the contribution from exports.

Mr. Parag Satpute, Managing Director and Group CEO of Greaves Cotton Limited, stated, "With 'GREAVES.NEXT', our new business strategy, we are setting the course for the next phase of growth by being a future-ready engineering company with reliable products, sustainable technologies, and customer-centric solutions. Our goal is to create long-term value for all stakeholders while contributing meaningfully to India's industrial growth and energy transition."

This strategic initiative marks a significant step in Greaves Cotton's evolution from a single-product company to a diversified, multi-business, fuel-agnostic engineering company. By leveraging its proven engineering and technology capabilities, Greaves Cotton aims to drive innovation and create lasting value for customers in India and global markets alike.

Greaves Cotton Limited (GCL), a diversified engineering company, has reported a strong financial performance for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

GCL's consolidated performance for Q2 FY26 showcases impressive year-on-year growth:

The company's standalone performance was equally impressive:

Segment Performance

Engines Business

• Revenue grew to ₹406.00 Cr, up 31% year-on-year
• Strong performance in both auto and power generation segments
• Automotive segment grew 48% YoY, driven by robust export demand
• Power Generation registered 24% YoY growth

Electric Mobility

• E2W VAHAN volumes increased by 54% year-on-year in H1 FY26
• Market share improved from 3.2% in H1 FY25 to 4.2% in H1 FY26
• Maintained strong regional presence with 12% market share in Tamil Nadu, 14% in Bihar, and 6% in Odisha in Q2 FY26

Greaves Retail

• Revenue stood at ₹146.00 Cr with an EBITDA margin of 16.2%
• Strong growth in institutional business, particularly in Railways

Strategic Developments

• GCL has successfully transitioned its entire E2W portfolio to LFP batteries, enhancing safety, battery life, and thermal stability
• The company introduced the Ampere Magnus Grand, a next-generation electric family scooter priced at ₹89,999 (ex-showroom)
• Greaves Finance, the company's EV financing arm, has grown its Assets Under Management (AUM) to ₹380.00 Cr, a 2.4x year-on-year increase

Conclusion

Greaves Cotton's robust Q2 FY26 results reflect the company's strong positioning in both traditional and emerging segments of the engineering and mobility sectors. The significant growth in net profit and improved EBITDA margins across segments demonstrate the effectiveness of the company's operational strategies and its ability to capitalize on the growing demand for sustainable mobility solutions.

As Greaves Cotton continues to innovate and expand its product portfolio, particularly in the electric mobility space, it appears well-positioned to benefit from the ongoing transition to cleaner and more efficient transportation options in India.