# Greaves Cotton expands electric powertrains and exports

2026-08-06T18:00:26+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Greaves Cotton is validating electric powertrains with multiple original equipment manufacturers while expanding exports under its Greaves.Next strategy. Its mobility business revenue grew 18 per cent year on year in the first quarter, while automotive engine revenue rose 36 per cent. Greaves Electric Mobility’s Vahan registrations increased 101 per cent, against 75 per cent industry growth, lifting its national market share to 5.6 per cent by June. Consolidated revenue rose 31 per cent to Rs 975 crore, but higher commodity costs and investments reduced profitability. Overseas business contributed about 13 per cent of core revenue. The company opened a Dubai hub for Middle East and Africa operations, began exporting firefighting engines and completed a defence order for military truck engines. Management expects the second quarter to be marginally better than the first.

## Coverage

- auto.economictimes.indiatimes.com <https://auto.economictimes.indiatimes.com/news/industry/greaves-cotton-powers-up-e-mobility-push-bets-on-exports-for-growth/132979529>

Tags: auto industry, electric vehicles, exports, Greaves Cotton, manufacturing
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