Greaves Cotton Announces Q3 FY25 Results with 13% Growth

Key Highlights:

• Greaves Cotton reported a consolidated revenue of ₹751 crore for Q3 FY25, marking a 13% year-on-year increase.
• The company’s standalone revenue for the quarter was ₹502 crore, also reflecting a 13% growth compared to last year.
• The Engineering segment grew by 14%, and the Retail segment grew by 13% during Q3 FY25.
• GEML contributed ₹184 crore to the consolidated revenue.
• At Auto Expo 2025, Greaves showcased hydrogen-powered engines and electric two- and three-wheeler concepts.

Greaves Cotton Limited, an Indian diversified engineering company, has reported a consolidated revenue of ₹751 crore for the third quarter of fiscal year 2025. This marks a 13% year-on-year (Y-o-Y) increase. Standalone revenue for the quarter stood at ₹502 crore, reflecting a similar 13% Y-o-Y growth.

Strong Performance from Engineering and Retail Segments

The company's Engineering and Retail segments showed strong growth, with a 14% increase in the Engineering segment and a 13% rise in the Retail segment for Q3 FY25. Subsidiaries also played a major role in the financial performance. Excel contributed ₹69 crore, while Greaves Electric Mobility Limited (GEML) added ₹184 crore to the consolidated revenue.

Showcasing Innovation at Auto Expo 2025

At the Auto Expo 2025 – The Motor Show, Greaves Cotton displayed a variety of innovative technologies. These included fuel-agnostic engines, components, motion control systems, and powertrain technologies, such as a hydrogen-powered engine. Greaves Electric Mobility showcased electric two- and three-wheeler concepts, including the Ampere Nexus and Magnus variants, along with advanced charging solutions for two-wheelers.

Leadership Insights

Nagesh Basavanhalli, Non-Executive Vice Chairman of Greaves Cotton, emphasized the company's role in driving India's transition to a more sustainable and inclusive economy through fuel-agnostic solutions and a customer-focused approach. 

Chief Financial Officer Akhila Balachandar highlighted the strong performance of the Engineering and Retail segments, reflecting the success of the company’s diversification strategy.

Looking Ahead

As Greaves Cotton moves into 2025, the company remains focused on long-term value creation and growth, navigating market uncertainties while leading the way in India’s evolving mobility and engineering sectors.

About Greaves Electric Mobility Private Limited

Greaves Electric Mobility Private Limited (GEMPL) is a leading and experienced electric vehicle manufacturer in India. For over a decade, GEMPL has been developing innovative and sustainable last-mile mobility solutions. 

The company specializes in electric two-wheelers and three-wheelers, with popular brands like Ampere e-scooters (for personal and business use) and electric three-wheelers by Bestway and MLR Auto. With more than 2.3 lakh (230,000) customers and support from Greaves Cotton Limited (GCL), GEMPL is driving India’s shift toward affordable and clean last-mile mobility solutions.

Also Read: Government to Decide Future Schedule of Bharat Mobility Global Expo

CMV360 Says

Greaves Cotton's solid growth in Q3 FY25 shows that their diversification strategy is paying off. The strong performance of both the Engineering and Retail segments highlights their ability to adapt to market demands. The focus on innovation, especially in electric mobility and fuel-agnostic solutions, positions the company well for the future.