Achieves76 per cent revenue growth in Q4-FY21.

GreavesCotton, one of the leading diversified engineering companies in the country,has seen exponential growth of its non-automotive business, with its widespreadpresence in multiple applications across various sectors. The non-automotive businessincludes non-auto small engine (NASE), Industrial Engines, Smart Gensets toLight equipment like Pumpset, Light-Agri equipment, Light Constructionequipment, and Industrial equipment. The non-automotive business revenue grewby 76 per cent in the recent Q4-FY21.

Thecompany accelerated the non-automotive business and has seen its businessrevenue grow by 76 per cent in the recent Q4FY21. As per the last Q4-FY21results, the NASE business grew by 32 per cent, Genset business grew by 49 percent when compared with Q4-FY20. The Industrial Engine and Light Equipmentsegments too have been growing steadily.

Thisgrowth is a result of Greaves diversification strategy to venture into newerand less explored non-automotive business segments, which has emerged as thekey growth driver for the company, the management claims. The company hasdeveloped customer–centric applications on a varied HP range of reliable andaffordable Greaves engines, which enjoys legendary trust and assurance frommillions of users in automotive sectors over several decades. The nation-wideaftermarket support – service and parts support uninterrupted operations forthese applications.