'Greaves Cotton eyeing future-ready tech, becoming diversified engg firm'

Firm seeks to develop battery-swapping, fast-charging technologies, is working on a five-year plan and to grow this business to Rs 1 billion

Greaves Cotton, a diversified engineering company and an engine maker for various automobile manufacturers, is evolving its mobility strategy to address the future needs of the vehicle industry, including CNG and electric vehicles. The company, which operates in four verticals -- mobility, farm, power and energy and after market -- expects mobility solutions to continue to play a major role in its future growth.

The company currently supplies around 400,000 engines a year to almost all original equipment manufacturers in the country and touches 100,000 passengers a day. It has 500,000 tonnes of cargo moving on its engines a day.