Greaves Cotton Invests ₹1,500 Crore to Expand EV Ecosystem

Key Highlights:

• Greaves Cotton showcased its focus on Electric vehicles at Bharat Mobility Expo 2025.
• The company plans the EV growth with INR 1,500 crore investment in R&D.
• Greaves Mobility focuses on electric 2- and 3-wheelers.
• Aurangabad plant production lines are run by women.
• Greaves presented new EV powertrain and hydrogen engines.

Greaves Cotton Limited recently showcased its dedication to sustainable mobility at the Bharat Mobility Global Auto Expo 2025. The company is focused on making clean transportation accessible to everyone, as explained by Vice Chairman Nagesh Basavanhalli. 

He mentioned three main goals: creating eco-friendly vehicles, transitioning from metal to electric and software-driven vehicles, and building a complete 'Made in India' electric vehicle (EV) ecosystem that covers everything from design to financing. With an investment of INR 1,500 crore, Greaves Cotton plans to strengthen its manufacturing, research, and development efforts. This will mark an exciting new chapter for the company in its 160-year history.

Greaves Cotton has evolved from making single-cylinder diesel engines to becoming a customer-focused company with multiple products and businesses. This change led to the formation of six key business units.
One of these is Greaves Engineering. 

Greaves Engineering develops engines and power solutions for different fuels like diesel, CNG, and multi-fuel options. They also create custom prime movers, ePowertrain systems, and motion control solutions. So far, this division has developed over 15 engine types and produced six million engines, one million generators, and three million pump sets.

Greaves Electric Mobility focuses on electric 2-wheelers and 3-wheelers for both passengers and cargo, using 16 years of experience in the industry. Greaves Retail manages a wide distribution network for various fuel types, with more than 10,000 retailers and 21,500 certified mechanics handling sales and service.

Greaves Finance is a 100% EV-focused financing company that provides tailored financing options and is developing a digital-first EV marketplace. Greaves Technologies is the company’s R&D and digital solutions partner, supporting major global manufacturers like Stellantis, Daimler Trucks Asia, and Ashok Leyland. 

Greaves Cotton’s business has changed a lot over the years. In 2016, diesel engines made up 80% of its revenue, but now they account for less than 50%, with electric mobility contributing 23%. The company has also expanded its revenue sources across different regions and skills, guided by its purpose of "empowering lives."

Along with its business growth, Greaves Cotton is promoting workplace diversity. At its Aurangabad plant, all production lines are operated entirely by women. At Bharat Mobility 2025, Greaves Cotton showcased its diverse range of products, including electric vehicles, hydrogen-powered engine concepts, and a Euro V+ compliant engine.

Greaves Engineering also presented its latest advancements in EV powertrain systems, highlighting its shift to a multi-business, fuel-agnostic company. This reflects the company’s vision for building a complete mobility ecosystem.

Also Read: Greaves Cotton Announces Q3 FY25 Results with 13% Growth

CMV360 Says

Greaves Cotton is investing ₹1,500 crore to grow the electric vehicle (EV) market in India. They are focusing on electric 2-wheelers and 3-wheelers, and are also working on new hydrogen engine technology. It’s also sends a good message to the society that women run all the production lines at their Aurangabad plant.