Greaves Cotton Limited has announced a remarkable 54% growth in its electric mobility sales for the first half of FY26, significantly boosted by product enhancements and an expanded network. The company reported a strong performance in its electric two-wheeler segment, with VAHAN volumes rising to 4.2% market share, up from 3.2% a year ago. Notably, the launch of the Magnus Grand, priced around Rs. 90,000, and the success of the Ampere Nexus, recognized for reaching 13,200 feet at Shipki La Pass, have played pivotal roles in driving this growth. Greaves Electric Mobility's commitment to innovation is underscored by its transition to 100% LFP battery technology, enhancing safety and performance across its range.

During a recent earnings call, Greaves Cotton's management emphasized that the company continues to experience positive momentum across its various business lines. The automotive engine sector has seen a revival in demand for three-wheelers and small commercial vehicles, driven by stable fuel prices and better fleet utilization. Furthermore, Greaves Cotton's genset business has strengthened its market share to 4%, with robust performance in diverse applications such as construction and agriculture. Executives also highlighted the importance of capital management and the pursuit of sustainable technologies to bolster the company's resilience amidst fluctuating economic conditions.

Looking ahead, Greaves Electric is focused on profitable and sustainable growth, expanding its retail presence in North and West India while maintaining its stronghold in the South and East regions. The company has already established a footprint in Nepal and is exploring export opportunities in Sri Lanka and various African markets. With an eye on innovation and customer satisfaction, Greaves Electric aims to solidify its role in India's transition to cleaner and more connected electric mobility, as evidenced by its recent All India Supplier Vision Summit 2025 aimed at enhancing supply chain excellence.