Greaves Cotton bets big on non-automotive biz

Following the increased demand from sectors such as infrastructure, defence, construction, farm and machinery, among others, Greaves Cotton expects its non-automotive engine business will continue to witness growth. CEO and MD Nagesh Basavanhalli informed that its non-automotive engine business grew 54 per cent to 13,673 units in the March quarter of the previous fiscal, as compared to 8,756 units in Q4 FY20. For the full year, it logged a 14 per cent growth at 43,629 units in the financial year 2020-21, as against 38,411 units in the fiscal year ended March 2020. Apart from the engine business, which includes both automotive and non-automotive, the Mumbai-based player has also a presence in electric mobility, farm equipment, generator sets, after-market spares and service. The company believes that the non-automotive engine business will continue to grow as there will be a lot of movement towards productivity and replacing manual labour whether for use in segments such as infra, construction and machinery as these engines are being used for non-auto application.