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Greaves Cotton, one of the leading engineering company in India, conducted raids on manufacturers and traders of spurious parts at two locations in Delhi. This was part of its nationwide initiative towards cracking down on the businesses of spurious auto-parts.

The raid conducted along with the Delhi police, seized spurious spare parts and counterfeit labels from Nishant Auto Spare, Karol Bagh and a godown from the central district in Delhi. Some of the spurious spare parts which were raided include – push rod & sleeve set, packing pouch, M.R.P. stickers, cam shaft, valve set, rocker lever set, cylinder kit, disk oil seal, oil seal packing pouch. A criminal complaint has been lodged against the shops raided, of which the warehouse belongs to Manoj Kumar and the manufacturing unit belongs to Rajesh Mohanlal (Nishant Auto Spare).

As per the company statement, th enforcement team consisting of the Indian Police and Greaves Cotton's legal team have been working closely and identifying both manufacturing units and selling outlets and locations of counterfeit spares across major cities and trade hubs in India.

Commenting on this exercise, Nagesh Basavanhalli, MD and CEO said, “Greaves Cotton promotes and provides genuine spare parts as a part of commitment to our huge customer base. In order to guard the image and protect the share of genuine spares sales, Greaves Cotton often has been involved in carrying out these raids to keep constant check over this menace.”

Change is constant. And those who change with the times remain in the business. In its major transformation journey, Greaves Cotton is investing significantly in building a new leadership team. Starting with Nagesh Basavanhalli, MD and CEO, at the top, a team of highly experienced professionals have been hired by the company. The team appointed across all divisions, has the responsibility to draw strategies for the 158-year-old company to grow in the fast evolving automotive world, while also growing the company's established business.

The recent joinees are Kartik Gopal, who was till recently the strategy and business planning head at electric vehicle maker Mahindra Reva and Ravi Damodaran, who was the president for technology and business strategy for Tier 1 supplier Varroc Group. Ravi joins Greaves Cotton as its CTO and Kartik is the new COO (Electric Mobility Business), with the key responsibility of driving the company's electric mobility plans. web-greaves-cotton Other members of the new leadership team who joined earlier than Ravi Damodaran and Kartik Gopal are Shubhankar Chetterji, president - manufacturing & SCM (former director-manufacturing & supply chain at Cummins' engines business) Debashis Mitra, president - engines business (former marketing and sales director, Mercedes-Benz India), Tarun Khanna, VP - Strategy, marketing and product planning (former product strategy and product planning head at Fiat Chrysler India), Mohanan Manikram, president - farm equipment business (former VP at M&M's Farm Equipment sector), Gagan Mathur (former sales and marketing VP at NRB Bearings) and Vijaya Kumar Kunnakavil, president - special projects (ex-TVS Motor, Bajaj Auto). The move to build a new leadership team reflects Greaves Cotton's ambitions of tapping new opportunities in areas like electric mobility (and possibly shared too), growing the international business, venturing into new business segments while enhancing its technological capabilities. Greaves Cotton has also set up an incubation centre in Bangalore, which is working on propulsion technologies beyond electric. Basavanhalli, who joined Greaves Cotton in September 2016, and has the responsibility of building the core team also has had a long innings in the automotive industry. He has had a long innings at Chrysler before a stint at Yokohama-owned Alliance Tire Group as its group president for emerging markets. Now Basavanhalli has the responsibility to lead the transformation journey at Greaves Cotton. "Right now, we are focusing on making a transition from being just a diesel and petrol engine supplier, to move into being a fuel agnostic technology supplier and service provider, also catering to the farm equipment and energy segments," Basavanhalli tells Autocar Professional in his first media interview as the MD and CEO of Greaves Cotton. What would help Greaves Cotton as it embarks on new plans to sustain growth in a fast-changing world is the deb-free account books and surplus cash of around Rs 450-500 crore. "We intend to leverage the strength of our financial position and make sure that we invest in the future, in terms of technology, people capability or infrastructure," says Basavanhalli. The hiring of senior industry professionals in quick succession shows that Greaves Cotton is quite serious about building its business to be futureproof.

When the reality sinks in that Greaves Cotton has been around since 1859, there is a tremendous sense of history that one can immediately associate with the brand. It came into being two years after the 1857 mutiny, was 88 years old at the time of Independence and is still going strong at 158. “The brand has been known for the trust that has been there and what we fundamentally stand for,” says Nagesh Basavanhalli, MD & CEO. The ?1,800-crore Greaves Cotton is essentially a diversified engineering company, which supplies engines, generator sets, pump sets and construction equipment to a host of end-users. It has a network of over 3,500 dealers.

Challenges ahead

Yet, legacy is not enough to meet the challenges of the future as Basavanhali is only too aware of. “Yesterday it was diesel, tomorrow it could be petrol or CNG, hybrid or electric,” he says. “The beauty is that we are working on all of them,” he says. This becomes especially critical with Bharat Stage VI emission norms scheduled to become a reality in April 2020. This also explains why Greaves has tied up with Pinnacle Engines of the US for a BS VI-compliant engine in three-wheelers. More recently, it signed a pact with MLR Auto and Continental for the same purpose while joining hands with Atul Auto to develop powertrain solutions. And even while meeting the BS VI deadline is a challenge, Basavanhalli is reasonably confident that things are on course. “We want to work with our OE partners and put enough vehicles out on the road and be ready ahead of the official deadline,” he says. “We are looking at how can we offer the right value proposition to consumers.” Hybrids and electric will also be the focus areas for the company. “Yesterday, we were very strong in the diesel engine and today as we go forward, we are reinventing ourselves in terms of having interesting clean energy alternatives,” he adds.

Spreading the wings

Within the Greaves ecosystem, its core R&D centre is in Pune while Aurangabad is home to engine test cells and testing capabilities. There is a plant in Chennai too. Yet, what is even more interesting is the move to use Bengaluru as an innovation and incubation centre. “What we are trying to do is work with start-ups and bring in a lot of thought process,” says Basavanhalli. The idea is to take a “legacy company” into the picture while bringing in ideas that start-ups are thinking about today. “How do you match the two of them, and bring in the talent from outside who can absorb the two and bring it to market? That’s where we are headed because we are a firm believer of technology,” he says. The choice of Bengaluru is only logical considering that it is home to a whole lot of start-ups with enormous connect to Silicon Valley in the US. Eventually, the extended team in the other facilities will be involved with what is marketable or market-ready. In the process, new ideas can be integrated with the experience available in Pune and Aurangabad. It is in this context that the recently announced partnership with the US and Bengaluru-based start-up, Altigreen Propulsion Labs, becomes relevant. The alliance aims to provide a range of clean energy powertrain solutions for three- and micro four-wheeler commercial vehicles.

Diesel to stay

Getting back to the subject of fuels, Basavanhalli does not believe that the internal combustion engine is going to disappear in a hurry. So even while diesel could be relegated to the sidelines in some major cities, it will still be relevant in semi-urban/rural areas. Petrol and CNG could become more prominent in cities while hybrids will come along. “Electric clearly will be the future. However, there are some challenges,” says Basavanhalli. Eventually, economics will drive e-mobility and from Greaves’ point of view, it is in a good space with a range of solutions whether it is petrol, diesel, CNG, hybrid or electric. By the end of the day, for the last mile transportation operator, it is the price and costing structure that matters. “Clearly, there will be opportunities with disruptions,” says Basavanhalli. “If you have a technology that is significantly better and you can give the right value proposition, we believe everything is possible,” Greaves’ service centres are also expected to play a bigger role in the future. There could, for instance, be opportunities to play in the electric infrastructure place, whether it is battery charging/swapping. “Are we in that today? No. But can our service centres be future ready? I believe the answer is yes and those are some of the things we will continue to evaluate as we go along,” says Basavanhalli.

Greaves Cotton Limited, one of India's leading engineering companies, has reported revenue of Rs 406 crore for the quarter ended December 31, 2015 as against Rs 431 crore for the quarter ended December 31, 2014. EBITDA for the quarter ended December 31, 2015 was Rs 67 crore as against Rs 51 crore for the same period last year, thereby recording a growth of 31%. The Profit Before Tax (PBT) and before exceptional items for the quarter was Rs 68 crore as against Rs 44 crore for the corresponding period last year and the Profit after Tax (PAT) Rs 63 crore as against Rs 2 crore for the corresponding period last year.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO said "In the current weak market scenario where revenue growth is challenging, the company has continued its focus on margin enhancement and has sharply improved its EBITDA Margin from 12% to 17%. On the recent developments around tightening of emission norms, he said, "As an engine manufacturer, it is our prerogative to support OEMs with emission compliant engines and maintain preparedness for any changes in emission regime. Greaves is ready for the proposed nationwide implementation of BSIV norms for 4-Wheelers in 2016 and for 3-Wheelers in 2017. He further added, "For proposed advancement of BSVI, we have accelerated our plans and initiated discussions with OEMs as well as our partner network of suppliers and technology specialists and are confident of achieving BSVI with a cost-effective solution.

About Greaves Cotton

Greaves Cotton Limited, a Rs 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and gensets. The Company sustains its leadership through seven manufacturing units which produce world class products backed by comprehensive marketing and service/ parts network.

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Greaves Cotton Limited, one of India's leading engineering companies has reported Net Profit to Rs. 54.24 crore for the quarter ended September 30th, 2015 as against Rs. 27.29 crore recorded in the same period of last year.

The total income from operations for Q2FY16 stood at Rs 424.73 crore as against Rs. 441.29 crore in Q2FY15.

EBITDA for the quarter stood at Rs. 75.87 crore as against Rs. 56.23 crore in Q2FY15, up 35%. EBIDTA Margin for Q2FY16 improved to 17.9% from 12.8% recorded during Q2FY15.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO, said, "While the revenue growth is still a concern on account of weak market conditions, various operational excellence initiatives have started yielding results and has been reflected in the EBITDA Margin improvement from 12% in first six months last year to 17% in first half this year. He also added, "The Company has showcased its modern 105HP three-cylinder, BSIV compliant, Leap Engine for automotive applications at recent Society of Automotive Engineers- China Congress & Exhibition at Shanghai, China which offers attractive value proposition to our valued OEMs. The thrust on Farm Equipment sector continued with launch of indigenized Mini Power Tiller and Paddy Weeder.

About Greaves Cotton

Greaves Cotton limited, with turnover of Rs. 1700 crore, multi-product, multi-Iocational company is one of the leading engineering companies in India with core competencies in Diesel, Petrol Engines, Farm equipment and Gensets. The Company sustains its leadership position through seven state-of-the-art manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Complementing the 'Make In India' vision of the Indian Prime Minister' Greaves Cotton Limited' one of India's leading engineering companies today launched its new range of Farm Equipment Products  Mini Power Tiller (7 HP) & Paddy Weeder under its 'SAMPURNA SWADHESHI' program at their manufacturing plant in Gummidipoondi near Chennai.

Under this program, Greaves Cotton's R&D centre has developed exclusive products to meet highest standards of quality and reliability, equipped with features meticulously designed after detailed understanding of Indian farming requirements. The new range of products is powerful, fuel efficient and easy to maintain. They are also designed to be light weight and are easy to operate and can be comfortably operated by women.

Mr. Sunil Pahilajani, MD & CEO, said, "Greaves is pleased to announce its first set of products under our 'Sampurna Swadheshi Programme'. We have invested in R&D to make Customized & Reliable products which can challenge established Indian and international brands in the Farm equipment sector. This is just the beginning of our journey to become a leading player in the Farm Equipment sector, we have technologically superior & value added featured products in pipe line, which will be revealed appropriately."

Mr. Vinay Khanolkar, CEO Product & Aftermarket Business, said "The launch of Greaves Mini Power Tiller and Greaves Paddy Weeder is a testimony to our continuous efforts in innovation and product development. Customers can be assured of reliable, best-in-class products backed by a strong aftermarket support. These farmer friendly products are value for money and suitable for local soil condition."

Greaves Cotton's Farm Equipment Business is focused on transforming the lives of small & marginal farmers by enabling them to mechanize various farming practices backed with strong service network & easily availability of Spare Parts in rural markets at affordable prices. These machines are certified by Government of India as per the latest standards andare backed by Greaves cotton's nationwide authorized dealer networks.

About Mini Power Tiller

Mini Power Tiller is multi-purpose machine capable of doing tilling, weeding, ridging, earthening operations for various row crops like sugarcane, cotton, banana, Chilly, saffron, casuarina, mulberry etc. With these machines farmers will be able to save on manual labour

About Paddy Weeder

Paddy Weeder is used for wet weeding in Paddy field. It is light weight and women friendly by design & features. This equipment will relieve the farm workers, mainly women from the drudgeries of weeding.

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Greaves Cotton Limited, one of India's leading engineering companies, has reported revenue of Rs. 1689 Crore for the year ended 31st March 2015 as against Rs. 1719 Crore for the corresponding period last year. EBIDTA Margin for the year improved from 11.3% in FY14 to 11.8%. For the quarter ended 31st March 2015, the company reported revenue of Rs. 394 Crore as against Rs. 435 Crore for the corresponding quarter last year. EBIDTA Margin for the quarter was 11.5% as against 10.6% for the corresponding quarter last year.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO, said, "While we are still facing pressures on topline growth, our thrust on tightening operational controls is being reflected in improvement in material cost, fixed costs and working capital." He also added "New business from Automotive OEMs like TVS Motors has started growing and is expected to strengthen future revenue pipeline. In addition, new range of Light Agri Equipment are getting launched in a gradual manner."

During 2014-15, the company launched a new range of CPCBII compliant engines & gensets which offer better life cycle costs and enhanced value to customers. The company is also putting significant thrust on improving customer engagement through focused service initiatives, towards which a unified IVR based toll free number for customer support across all business areas has been put in place.

The company also discontinued the loss making manufacturing operations of its Construction Equipment Business during the year.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and gensets. The Company sustains its leadership through seven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Greaves Cotton Limited, one of India's leading engineering companies, has reported revenue of Rs.431 Crore for the quarter ended 31st December 2014, as against Rs.423 Crore for the corresponding quarter last year. EBIDTA for the quarter was Rs.52 Crore, which is a growth of 11% over the same period last year.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO, said, "We have maintained our performance during the quarter and expect positive market sentiment and buoyancy in automotive segment to reflect in faster topline growth in the coming quarters." He further added that "The Company is tightening operational controls which is reflecting in sustained reduction in material cost as well as significant improvement in working capital, thereby driving improvement in profitability."

During 2014-15, the company discontinued the operations of its Construction Equipment Business and the process of disposal of assets has resulted in exceptional expenses.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1700 Crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and gensets. The Company sustains its leadership through seven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton Limited, one of India’s leading engineering companies, has reported revenue at Rs. 441 crores for the quarter ended September 30, 2014 as against Rs 448 crore for the quarter ended September 30, 2013. EBITDA was Rs. 56 Crore as against Rs. 50 Crore, for the same period last year. The Profit Before Tax (PBT) before exceptional items for the quarter was Rs. 49 crore against Rs.45 crore for the previous year same quarter.

During the quarter, the company launched a new range of CPCB II compliant engines and gensets which offer better life cycle cost and performance to the customers. The company is in the process of setting-up a new genset assembly facility at Pune which will enhance its production capacity. The Company also closed manufacturing of its Construction Equipment due to non-viability of operations on account of continuing losses. The company has made provisions arising due to this closure under exceptional items amounting to Rs. 15 crore. The Profit / (Loss) After Tax (PAT) for the quarter was Rs. 27 crore against Rs. (8) crore for the previous year same quarter. Previous year losses were on account of Divestment of one of the step down subsidiaries.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO said "While our half yearly financial results show marginal growth in the revenue, the dominant engine segment has shown revival and good improvement in performance which augurs well for the company in coming quarters." He also added "the company is focusing on improving profitability by exiting non-core and loss making businesses. The company is strengthening its aftermarket spares and service network and International Business which will result in strong revenue stream over next two-three years."

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, farm equipment and gensets. The Company sustains its leadership through seven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network.

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Company focuses on 2X2 Strategy to drive revenue growth and improve profitability Declares 30% final dividend

Mumbai, April 30, 2014: Greaves Cotton Limited, one of India's leading engineering companies reported Net Sales of Rs 435 crore for the quarter ended 31st March 2014 as against Rs 496 crore for the corresponding period last year; a decline of 12%. During the three month period, the company reported Net Profit of Rs 52 crore as against Rs 39 crore last year.

The Company declared a final dividend of 30% i.e., Rs 0.60 on a face value Rs. 2/-. Following this the total dividend for the fiscal including interim dividend stood at 65% i.e., Rs 1.30 on face value of Rs. 2/-.

The EBIDTA margin for the quarter stood at 10.6% as against 12.7 % reported in Q4FY13.

For the full year, the Company registered Net Sales of Rs. 1719 crore as against Rs. 1873 crore during the corresponding period last year. Net profit for the year was at Rs. 113 crore as against Rs. 138 crore, a decline of 18%.

Commenting on the company's performance during the year, Mr. Sunil Pahilajani, MD & CEO, said: "Though the bleak market scenario is reflected in our financial performance, we have been able to maintain market leadership and market share across major products and businesses. Delivering newer products to the market, adapting contemporary emission norm specified technology, servicing millions of customers with a seamless service network has helped in consolidating this market dominance. As an organisation we remain performance driven and customer centric. Through focused internal initiatives we have been able to achieve reduction in material costs from 70.1% to 68.7%. We as a Company continue to invest in technology and organisational development in order to deliver increased customer satisfaction and increased shareholder value through innovation and service.

As part of its 2X2 Strategy, the company has been focusing on driving growth by expanding Product Play & strengthening Market Play and driving profitability through Operational Excellence and Building Functional Capabilities.

FY13-14 witnessed new product launches across businesses catering to the evolving demands of the market and customers. With the market ready 265cc gasoline engine, the automotive engine business is now geared to partner with OEMs for quadricycles. New products were added to the power business with the inclusion of the sub 20 KVA genset range addressing the retail market as well as CPCB2 norm compliant range of engines and gensets. Farm equipment business strengthened its presence in the irrigation segment with thrust on diesel engine and electrical pumpsets. The business is also strengthening its presence in the fast growing Light Agri Equipment space with a rapid product indigenization plan. The construction business launched the S-valve Concrete Pump and Boom Pump to augment its product offerings.

The company entered into partnership with TVS Motors for supply of diesel engines for 3W segment. The company is also strengthening its channel presence to gain market share in diesel pumpset, electrical pumpset and genset segment.

To further strengthen its geographical diversification, the company expanded its global footprint by setting up office in Tanzania and strengthening establishment in UAE to focus on East Africa and the Middle East markets. In addition to this, the company is focusing on South East Asia and SAARC regions to increase the contribution of International Business, significantly.

With Service as a clear differentiator, the company further deepened its dealer network across businesses. Its Aftermarket business which ensures spares and service support for all Greaves products is working on initiatives to enhance responsiveness through optimal use of technology. The business is also looking at leveraging its vast distribution network for supporting non-Greaves products.

To enhance profitability, the company is focusing on operational excellence initiatives which saw improvement in material cost through Value Engineering and sourcing initiatives. Greaves also exited non-strategic assets and wound up 100% subsidiary in Netherlands pursuant to divestment in the step down subsidiary in Germany, resulting in a loss of Rs 39 crore during the year FY14. The Company also sold few residential premises at profit of Rs 36 crore during the year FY14.

The Company reported EPS of Rs 4.63 for FY14 as against Rs 5.65 in FY13.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1750 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service/ parts network throughout the country.

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Greaves Cotton Limited, one of India's leading engineering companies, has reported revenue of Rs. 423 crores for the quarter ended June 30, 2014 as against Rs 412 crore for the quarter ended June 2013. However, the Profit After Tax (PAT) has dropped marginally from Rs. 32 crore to Rs. 29 crore.

While the market continued to be subdued in the first quarter, some early signs of revival are being seen in the automotive segment. This positive sentiment is expected to drive faster growth towards the second half of the financial year.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO said "Our first quarter revenue growth reflects positive sentiment on market revival. In addition, the initiatives taken by the company for material cost improvement are also providing steady benefits."

The company saw improved performance in the 3 Wheeler segment. Genset segment transitioned to the new CPCB2 emission regime from July 14 and the company is expected to improve market positioning with the launch of its new efficient and cost competitive genset range.

Overall, our Engines Segment which is the dominant part of the company grew by 5% and its segment result increased by 9%. However, Infrastructure Equipment segment continued to suffer due to further decline in the industry.

As part of its endeavour to continuously improve customer engagement, the company also launched an IVR based toll free number offering customer support across all business areas during the first quarter.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in engines, gensets, farm equipment and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Mumbai, 12 March 2014: Greaves Cotton Limited, one of India's leading diesel auto engine manufacturers, has recently embarked on an initiative to curb the growing sale of spurious auto parts. The Company is conducting nationwide raids to expose the increasing spurious parts business.

The products seized from just three hubs in North India stood at Rs 2 crore. The total market for auto engines related spurious parts is approximately Rs 400 crore. Some of fake products unearthed by the enforcement team are Camp Folleniers, Rockers, Bearings, Rocker Arms, Ring Sets, Pistons, Cam Shafts, Connecting Rods, Feed Pumps, Ring sets, Push Rods.

The enforcement team consisting of the Indian Police and Greaves Cotton's legal team have been working closely to identity both manufacturing units and selling outlets and locations of counterfeit spares across major cities and trade hubs in India. The most recent raid concluded at Kashmeri Gate, North Delhi resulted in the seizure of Greaves parts worth Rs 1 crore.

Commenting on this exercise Mr. Sunil Pahilajani, MD & CEO said, "Manufacturing and selling of spurious parts is a serious risk that we face today. We believe that we as an ethical corporate entity have responsibility and accountability to over 4 million of our customers. Greaves Cottons endeavour is to ensure world class aftermarket service, including availability of genuine spareparts to our consumers. Our ongoing campaign has helped expose multiple manufacturing units and selling points in North India who are found dealing in spurious parts. We intend to carry forward this initiative across the country."

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Mumbai, February 06, 2014: Greaves Cotton Limited, one of India's leading engineering companies reported revenue at Rs. 423 crore for the quarter ended December 31, 2013 as against Rs. 515 crore for the corresponding quarter last year. EBITDA was Rs. 47 crore as for the quarter as against Rs.72 crore, for the same period last year. Profit After Tax (PAT) for the quarter amounted to Rs. 38 crore as against Rs. 34 crore, for the same period last year.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO, said, "Though our sales have been affected by the overall dismal business environment, we have been constantly focusing on our product-market growth strategy. In line with this strategy, we have been working on technological improvements and value additions in our current product portfolio and have recently opened a Technology Centre for the Farm Equipment Business at Gummudipoondi, Chennai. The company has stepped up its investment in Research & Development activities to develop new products. Understanding customer needs, the construction business launched the 37 metre Boom Pump to plug in the product gap and refurbish the product portfolio along with the newly introduced concrete S valves. International business has also been able to widen its global footprint in South East Asia, East Africa and Middle East markets and has set up a distribution and aftermarket network to service customers in these regions. Coupled with these, we have been driving initiatives which are focused on cost optimisation and human resource competency development. We believe in the long run, people and products will help us deliver quality and excellence thereby enhancing customer experience."

The Company has been focusing on building its products based on technology and value. The new 265 cc quadricycle petrol engine is developed on an all-new platform and could be adapted to run on compressed natural gas, if there is need. This technology is going to be relevant for the future and demonstrates the company's ability in meeting the technology requirements of the market.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Augments product portfolio to address infrastructure market

Bengaluru, November 21, 2013: Greaves Construction Equipment Business, part of Greaves Cotton Limited, one of India's leading engineering companies, today launched the first of its 37 metre 3 axle truck mounted boom pump - GCP3709Z . The 4 arm Z fold type boom offers increased flexibility and maneuverability in areas where space is a constraint. Best suited for mega projects such as airports, metro projects, mono-rails, flyovers and high rise infrastructural and residential projects, Greaves GCP3709Z provides superior productivity and pumping efficiency thereby ensuring faster completion of projects, reduced down-time and higher output.

With the Z-fold section of the boom, operators have a myriad of options for placement while shooting concrete up to 37 meters vertically, and 33 meters horizontally. GCP3709Z has a folding height of 3.95 meters for low overhead conditions and a slewing range of 370 degrees to suit demanding job sites. The pipeline used is of DN -125 mm diameter. GCP3709Z comes with a friendly radio remote controlled operating system along with options to switch from slow to fast boom operations.

Speaking at the launch, Mr. Sunil Pahilajani, MD & CEO, said, "Excon is one of the best platforms for us to showcase our contemporary array of products and services. With the addition of the 37 metre boom pump to our product portfolio, amongst other new products; we are now able to offer customers technologically driven products backed by hassle-free after market support."

"Keeping in line with our product philosophy of introducing products that address specific market demands, the boom pump is designed to provide functional superiority and ease of use", said Mr. R. Nandagopal, CEO, Construction Equipment Business. He added, "Our endevour is offer complete infrastructure solutions. Addressing product gaps in both the concreting and compaction segment we have added the GCP3709Z boom pump and Nikko Asphalt Plant and Mitsubishi Motor Grader respectively. Complementing our wide range of products is our countrywide extensive service network which caters to discerning customers anytime, anywhere."

About Construction Equipment Business

Playing a vital role in India's infrastructure development, Construction Equipment Business offers a wide range of concreting and compacting equipment. Products include Automated Batching Plants, new generation concrete Mixers, Concrete pumping systems, Soil compactors and Heavy and Light Tandem Rollers. Greaves Cotton has established 3 dedicated plants near Chennai, for the manufacture of specialized construction equipment and systems. The manufacturing facility is located at Gummudipoondi, Chennai, Tamil Nadu

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Posts Quarterly sales of Rs 448 Crore for Q2 FY13-14, Profit before exceptional items and Tax stands at Rs 45 Crore

Mumbai, November 01, 2013: Greaves Cotton Limited, one of India's leading engineering companies reported revenue at Rs. 448 Crore for the quarter ended 30th September 2013 as against Rs. 451 Crore for the corresponding quarter last year. EBITDA was Rs. 50 Crore as against Rs. 58 Crore, for the same period last year. The Company have divested out of the step down subsidiary in Germany and have provided for diminution in the value of this investments to the extent of Rs. 39 cr. which resulted in negative PAT. Profit / (Loss) After Tax (PAT) amounted to Rs. (8) Crore as against Rs. 34 Crore, for the same period last year.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO, said, "the 3 Wheeler Automobile market, the construction equipment market and the pump market is currently going through a challenging business scenario. We have successfully been able to consolidate our market presence, maintained market shares and in some segments even increased market share. Greaves has been able to maintain top line by focusing on product development and superior customer satisfaction. The focused efforts and several initiatives have resulted in reducing costs and in maintaining profitability of the businesses. International business has grown significantly and it is heartening to note that our strategy of widening global foot print across strategic markets of Middle East, East Africa and South East Asia have yielded positive response.

The profits for this quarter have been affected with our divestment in Greaves Farymann Diesel GmbH. With global business sentiments at an all time low, and Greaves Farymann Diesel GmbH not performing to expectations, the strategic business decision to exit was taken in the long term interest of Greaves Cotton Limited.

Mr. Pahilajani added, "This quarter witnessed the addition of TVS Motors to our client roster for supplies to TVS King DS. The initial launch in Kerala, Southern India has been positive. As part of growing the Aftermarket and strengthening distribution, Greaves has consciously increased customer touch points across the country to deliver increased customer delight.

Auxiliary Power Business recently unveiled contemporary power solutions that address sub 20 KVA; 160-250 KVA and higher end 500 KVA CPCB 2 ready gensets and engines segments, respectively.

The Company has successfully developed both 3 Wheeler and 4 Wheeler Engines, which meet BS IV norms ahead of time. This technology is low cost and hence is commercially cost effective for OEMs. This latest technology coupled with its low cost has now opened up new frontiers of opportunities both for our OEMs as well for us for entering into new geographies. This technology is going to be relevant for a long time ahead and demonstrates our ability in meeting the technology requirements of the market.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Adds new products to augment product portfolio .

Bengaluru, October 19, 2013: Greaves Auxiliary Power Business, part of Greaves Cotton Limited, one of India's leading engineering companies, today launched its fuel efficient, smartly designed auxiliary power solutions, compliant with latest emission norms. Mr. Karan Thapar, Chairman, Greaves Cotton Limited, unveiled the new products at Sheraton, Bengaluru. Designed to deliver uninterrupted auxiliary power under challenging conditions, the three new offerings address sub 20 KVA; 160-250 KVA and higher end 500 KVA CPCB 2 ready gensets and engines segments, respectively.

The newly launched ergonomically designed gensets are powered by 4 stroke, water cooled diesel engines. Low operating cost, plateau honed wet liner for low lube oil consumption, highly efficient cooling system and low vibrations make it an ideal choice for value - conscious consumers. These gensets come with best-in-class acoustic enclosures which are insulated with fire retardant foam so as to comply with the 75 dBA at 1 mt sound levels specified by the Ministry of Environment and Forests.

Greaves provides single window accessibility to all customers by manufacturing engines and providing the complete factory made canopised gensets, all under one roof. Taking customer delight a step forward, a robust and strong network of Greaves service and spares ensures 24 x 7 service anytime, anywhere.

Speaking at the launch, Mr. Sunil Pahilajani, MD & CEO, Greaves Cotton Limited said, "The launch of these contemporary need-of the-hour auxiliary power offerings is a testimony of our keen understanding of customer needs combined with our focus on product innovation and technology. It personifies our commitment of providing discerning power consumers a smart, eco-friendly, cost effective product backed by a strong after market support.

"With a huge power deficit in India, auxiliary power solutions need to be fuel-efficient, rugged and versatile. Our endevour is to roll our products that are best suited to perform under demanding power conditions. Fuel efficient features and advanced ergonomic design enable our products to be technologically advanced with functional superiority", said Mr. Prakash Bhalekar, CEO, Auxiliary Power Business. He added, "Our well established pan India distributor and dealer network complemented with our deep rooted Aftermarket support lends itself to easy accessibility for customer engagement. We are hopeful that these solutions will help make us a preferred choice amongst consumers seeking technology led affordable solutions."

About Auxiliary Power Business

Greaves Cotton is one of the largest players in auxiliary power segment in 15 to 500 KVA range. Auxiliary Power Business manufactures Gensets at Pune, that are very well positioned in both the domestic and international markets. Greaves gensets are widely used in Realty, Infrastructure, Telecom, Construction, Retail Outlets, Commercial complexes, Hotels, Hospitals and Small and Medium enterprises.

Greaves Cotton Limited

Greaves Cotton Limited, a Rs. 1900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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...Commences Supply of diesel engines to the all new TVS King DS ...

Mumbai, September 30, 2013: Greaves Automotive Engines Business, part of Greaves Cotton Limited, one of India's leading engineering companies, has added TVS Motor Company to its list of customers, for supply of single cylinder diesel engine (G435) for the TVS King DS (diesel variant). Currently plying on roads in Kerala, Southern India, TVS King DS offers Good mileage with Good power to its customers.

Speaking on the new customer addition, Mr. Sunil Pahilajani, MD & CEO, Greaves Cotton Limited, said, "Being their preferred choice of engine supplier we are delighted to partner with TVS Motors, one of the leading automotive players in the country. Embarking on a long and productive journey with them, we thank TVS Motors for recognising our expertise in designing and customising engines along with our capability of adhering to highest standards of quality and delivery. Customers of TVS King DS will now have access to Greaves? wide Aftermarket network, leading to increased customer delight. We look forward to building a long and enduring association with TVS Motor Company."

With Greaves G435 diesel engines powering the TVS King DS, customers can enjoy now improved engine performance and better mileage.

Greaves Cotton Limited

Greaves Cotton Limited, a Rs. 1900 crore, a multi-product, multi-location company, is one of the leading engineering companies in India with core competencies in diesel / petrol engines, diesel generators and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

TVS Motors Limited

TVS Motor Company is one of the largest motorcycle manufactures in India and is the flagship company of the 100 year old six billion USD TVS Group, which has some 40 companies and holdings in the automotive sector. The company's customer inspired engineering approach, has enabled it to introduce the widest product range that caters to all segments in the two and three wheeler industries. TVS Motor Company has international presence in more than 50 countries in Asia, Africa and Latin America.

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Records Quarterly sales of Rs 412.3 Crores for Q1 FY1314, profits stand at Rs 31.8 Crore

Mumbai, July 30, 2013: Greaves Cotton Limited, one of India's leading engineering companies reported revenue at Rs. 412.3 Crores for the quarter ended 30th June 2013 as against Rs.412.1 Crores for the corresponding quarter last year. EBITDA was Rs. 49.5 Crores as against Rs. 49.7 Crores, for the same period last year. Profit After Tax (PAT) amounted to Rs. 31.8 Crores as against Rs. 31.6 Crores, for the same period last year. Significant improvement of 1.3% in material costs through few focused initiatives undertaken internally has resulted in cost optimisation.

Commenting on the results, Mr. Sunil Pahilajani, MD & CEO, said, "Despite a tough and challenging business scenario plagued with weakened business sentiments, Greaves has maintained its top line, and continues to focus on key initiatives critical to its growth strategy. It is heartening to note that there has been a significant improvement in our material costs through structured initiatives undertaken within the organization. Though the sales have been more or less flat, we expect positive traction from certain sectors of the economy. On the business front, the monsoons have resulted in increased demand and sales for farm equipment business. Widening our geographical foot print, a new overseas office at Tanzania was set up during the quarter to cater to the growing international business from East Africa."

Mr. Pahilajani added, "Growing products, deepening markets and widening geographies continues to be our business strategy. This quarter witnessed new product introductions in farm equipment and Construction equipment business to meet discerning customer demands. Strengthening Aftermarket to reinforce our commitment towards customers is gradually aimed at transforming Greaves into a complete service provider."

Greaves Ustad, the smart mini tractor was launched in the growing 11-12 HP segment, ideal for small land holdings. Initially launched in Gujarat, Ustad has received positive response. Aimed at improving farm productivity through mechanised farming, in addition to Ustad, farm equipment business also launched Greaves Power Weeder and Paddy Weeder across the country.

Construction Equipment Business recently launched its high capacity Concrete pumps, with contemporary S Valve technology. The Greaves S Valve Stationary Concrete pumps are now available in three models: GCP 5500, GCP 6500 and GCP 8500. Designed primarily for infrastructure concreting operations, these high performance pumps are used for heavy duty construction activities in high rise commercial and residential buildings and infrastructure worksites such as tunnels, dams, Bridges, Irrigation etc.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Chennai, July 6, 2013: Greaves Construction Equipment Business, part of Greaves Cotton Limited, one of India's leading engineering companies, today launched its high capacity Concrete pumps, with contemporary S Valve technology. The Greaves S Valve Stationary Concrete pumps are available in three models: GCP 5500, GCP 6500 and GCP 8500. Designed primarily for infrastructure concreting operations, these high performance pumps are used for heavy duty construction activities in high rise commercial and residential buildings and infrastructure worksites such as tunnels, dams, Bridges, Irrigation etc.

All three models of the stationary Concrete pumps are powered by fuel efficient and emission compliant engines and integrated with contemporary hydraulic systems and components that are designed to deliver concrete perform under challenging pumping condition. Greaves Concrete pumps ensure lowest cost per cubic meter of concrete pumped. A fully electrical control panel with remote as a standard feature can operate both on the piston and the rod side. This results in a maximum concrete output of 50-80 cubic metres per hour, varying from model to model.

The hard chrome platted concrete cylinder in the pumps offer extended service life against wear and corrosion. The replaceable hard rams are designed to withstand high pressure and are high wear resistant. The internals are well designed so as to allow for minimum wear and tear, thereby minimising replacement and maintenance costs.

Speaking at the launch, Mr. Sunil Pahilajani, MD & CEO, said, Being an increasingly demanding business, technologically superior products are the need of the hour. With the launch of Greaves S valve Concrete pumps, customers can be assured of reliable, best-in-class product backed by a strong after market support.

The S valve concrete pumps add to our existing range of concrete offerings making Greaves a comprehensive and total player in the infrastructure segment. Customers can now avail technologically advanced S Valve concrete pumps which are durable, economical and highly cost-efficient. The intelligently designed features provide functional superiority and ease of use?, said Mr. R. Nandagopal, CEO, Construction Equipment Business. He added, Our endevour is respond to customer requirements and market demands. This launch is a testimony to our continuous efforts in innovation and product development. Complementing our wide range of products is our countrywide extensive service network which caters to discerning customers anytime, anywhere.

About Construction Equipment Business

Playing a vital role in India's infrastructure development, Construction Equipment Business offers a wide range of concreting and compacting equipment. Products include Automated Batching Plants, new generation concrete Mixers, Concrete pumping systems, Soil compactors and Heavy and Light Tandem Rollers. Greaves Cotton has established 3 dedicated plants near Chennai, for the manufacture of specialized construction equipment and systems. The manufacturing facility is located at Gummudipoondi, Chennai, Tamil Nadu

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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 Company focuses on Multi-Dimensional Growth Strategy. Records improved EBITA, Declares 25% final dividend.

Greaves Cotton Limited, one of India's leading engineering companies, has reported revenue for 12 months ended Mar 2017 at Rs 1819 crore against Rs 1800 crore for the same period previous year. And revenue of Rs 435 crore for the quarter ended March 31, 2017 as against Rs 452 crore for the corresponding quarter previous year. The PAT for the 12 months ending Mar 2017 is reported at Rs 181 crores as against 199 crores for corresponding period previous year. The Profit after Tax (PAT) for the quarter is reported at Rs 47 crore as against Rs 39 crore for the corresponding period previous year.

Commenting on the results, Mr. Basavanhalli said, "Despite a challenging market scenario & macro-economic changes, we managed to grow PAT for the last quarter & maintain revenues over the last fiscal year. This has been possible due to strategic initiatives like launching new range of solutions, enhancing service quality and higher operational efficiency. The robust growth in the Farm Equipment Business, the Auxiliary Power business, After Market business & International Business has contributed to the higher revenue. One of our key strengths has been our strong distribution network across the country. This has been traditionally used to supply spare parts and to meet the servicing needs of our customers. With our foray into a wider range of spare parts under the Greaves brand name, we are providing a reliable and quality alternative that delivers value to our customers." In the Automotive Engine Business the Company has managed smooth transition from BSIII to BSIV with increasing volume demand from customers.

About Greaves Cotton

Greaves Cotton Limited, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets. The Company sustains its leadership through six manufacturing units which produce world class products backed by comprehensive marketing and service/ parts network.

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Forays into the mini- tractor 11-12 HP range Adds new products to augment Farm Equipment product portfolio.

Valsad, Gujarat, April 15, 2013: Greaves Farm Equipment Business, part of Greaves Cotton Limited, one of India's leading engineering companies, today launched its first ?ever, compact, mini - tractor, ?Ustad?. Greaves Ustad is present in the 11-12 HP range of entry level tractors and caters to a land holding size of 3-5 acres. This smart working mini - tractor comes with a variety of unique features. Designed primarily for farming operations, Ustad lends itself to multiple operations such as haulage, cultivator, seed drill, pesticide sprayer, rotavator etc.

Greaves Ustad is fitted with an emission compliant, easy to service, economical and fuel-efficient Greaves G 600 W II engine with a Low Diesel consumption of 1 lit./ hr. The 4 stroke direct injection single cylinder engine offers a Maximum torque of 32 NM.

Greaves Ustad features forward - reverse with eight forward and two reverse gears, completely sealed water proof mechanical brakes and a pawl and ratchet type locking arrangement as a standard fitment. Ustad comes with a combination of synchromesh, constant and sliding mesh gear shifting with epicyclical planetary reduction gear that is suited for all agricultural operations and haulage.

Ustad presents a three point linkage allowing for attachment of various implements like plough, cultivator, and harrow seed drill and for movement of implements.

Speaking at the launch, Mr. Sunil Pahilajani, MD & CEO, said, ?The launch of Greaves Ustad is a testimony of our continuous focus on new product development and innovation. It symbolizes our commitment of providing the farming community a value for money product backed by a strong after market support.?

?Our foray into the tractor segment completes the wide range of existing farm offerings. Greaves Ustad is a smart mini- tractor option available in the entry level 11 HP range. Farmers can now avail of a fuel efficient, easily maneuverable mini- tractor that can perform multi tasks. Fuel efficient features and advanced ergonomic design provide farmers a comfortable driving experience coupled with functional superiority?, said Mr. C.M. Ashok Muni, CEO, Farm Equipment Business. He added, ?Our endevour is to provide agricultural products that suit the Indian soil condition and crop pattern. The newly launched Greaves Power Weeder and Paddy Weeder have received a positive response in the market. We are confident that Ustad will also help in further improving the lives of farmers through mechanized farming.?

About Farm Equipment Business

Greaves Farm Equipment Business is one of the largest suppliers of portable pumpsets in India. Aimed at providing happy and faster harvesting experience, the business offers multiple solutions with fuel variants, power variants and price variants to suit the farming requirements, Indian soil type and crop pattern. As a single source for farm mechanization equipment covering every stage of agriculture, the product offerings include petrol/kerosene engines and pumpsets, diesel pumpsets, power tillers, paddy transplanters, brush cutters, power reapers, power sprayers and mini combined harvesters. The manufacturing facility is located at Gummudipoondi, Chennai, Tamil Nadu

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Greaves Cotton achieves quarterly sales of Rs. 450.1 Crores for Q2 FY13, a rise of 2.2 % over Q2 FY12.

Greaves Cotton Limited, one of India's leading engineering companies reported higher revenue at Rs. 450.1 Crores for the quarter ended 30th September 2012 as against Rs. 440.4 Crores for the corresponding quarter last year (an increase of 2.2%). The Profit After Tax (PAT) was Rs. 33.6 Crores as against Rs.38.6 Crores, for the same period last year.

A demanding business scenario with decelerating GDP growth, high inflation and interest rates posed challenges in the quarter under review. However, a few positive upturns in the economy have ushered in signs of recovery.

Commenting on the performance, Mr. Sunil Pahilajani, MD & CEO, said, "Weathering tough times, we at Greaves Cotton have recorded a marginal increase in top line, this quarter. The slow but optimistic developments in the automotive sector have been reflective in our engines sales and have contributed to a marginal increase in top line. Combined with Growth and Innovation, our focus continues to remain customer centric. As an organization we have embarked on certain initiatives towards costs optimization which are slowly delivering results. We are confident that some of these initiatives will help improve efficiencies and in turn reap future benefits".

During the quarter under review, Greaves Automotive Business entered into a Long Term Supply Agreement with Atul Auto Limited for supply of diesel engines for their 3 wheeled diesel vehicles, for a period of seven years. Currently, Greaves engines power Atul Smart, Atul Shakti and Atul Gem vehicles plying across the country.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton achieves quarterly sales of Rs.412 Crores for Q1 FY13, a rise of 2.3% over Q1 FY12.

Greaves Cotton Limited, one of India's leading engineering companies reported higher revenue at 412 Crores for the quarter ended 30th June 2012 as against 403 Crores for the corresponding quarter last year (an increase of 2.3%). The Profit After Tax (PAT) was Rs 32 Crores as against Rs 35 Crores, for the same period last year.

The business environment, during the quarter under review, was challenging. Unfavourable macroeconomic environment such as decelerating GDP growth, high inflation and interest rates leading to decline in consumption growth as well as investment growth dampened business sentiments across the country.

Commenting on the current business scenario, Mr. Sunil Pahilajani, MD & CEO, said, "Though the business scenario at the moment is anything but cheerful, we at Greaves Cotton have recorded a marginal increase in top line. While all our businesses spanning across Construction, Agriculture, Transportation, Power and Industrial applications are intrinsically woven around the economy, we do believe that our focus continues to remain finding innovative solutions for our customers and building on opportunities available. Hence we have been embarking on certain initiatives on developing markets, revamping Aftermarket services and other Organizational development initiatives to ensure that we remain focused and deliver highest levels of quality and services to our customers. We believe that these initiatives will fructify in future and are expected to improve productivity and deliver positive results in time to come."

During the quarter under review, Greaves Construction Equipment Business concluded the technology transfer with Samil Industries Ltd, Korea for technologically superior products to be offered in India. The products should be available towards end of the fiscal. Greaves Automotive Engine Business was awarded the prestigious "Excellence in Delivery" Award from reputed auto major, Tata Motors for meeting the demand for engines for Ace Zip and Magic Iris.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Automotive Engines Business, part of Greaves Cotton Limited, one of India's leading engineering companies, has entered into a Long Term Supply Agreement with Atul Auto Limited for supply of diesel engines for their 3 wheeled diesel vehicles. The Agreement comes into force with immediate effect and is for a period of seven years. Currently, Greaves engines power Atul Smart, Atul Shakti and Atul Gem vehicles plying across the country.

Mr. Sanjiv Kumar, CEO - Automotive Engines Business, said "Greaves engines have been driving vehicles from the Atul Auto stable for almost three decades. This Agreement has reposed faith in each other and strengthened the business relationship further. With a customer focused approach, we believe that our technologically superior engines backed by a strong after market network will compliment Atul Auto's business plans and will together help grow the business."

Mr. JJ Chandra, CMD, Atul Auto added, "We enjoy a long standing relationship with Greaves and they continue to be our preferred choice of engine suppliers. Their understanding of customer requirements, commitment to quality and highest service levels have catalysed and indeed partnered our growth. With emerging categories in the auto segment we believe that new vehicle platforms can be developed faster and more time efficiently with a partner we can trust."

Greaves Automotive Engines Business has a wide portfolio in automotive engines and in single cylinder engines they are among the largest independent manufacturers with a production of over 4.5 lakh engines annually. These eco-friendly light diesel engines are supplied to major automotive players like Piaggio, M&M, Tata Motors, Scooters India among others.

The Company's manufacturing units, located at Ranipet in Tamil Nadu and Aurangabad in Maharashtra, are ISO/TS 16949 certified. The plants at both the locations are equipped with world class manufacturing facilities. The company's state-of-the-art Technology Centre is located at Aurangabad. The automotive diesel engines are also available for adaptation on CNG/LPG usage. Greaves Cotton has an excellent after-market product support infrastructure throughout India with a countrywide network of offices and over 1200 authorised dealers.

About the company

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-location company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Recognition for Automotive Division for ensuring timely delivery of auto engines

Greaves Automotive division, part of Greaves Cotton Limited, one of India's leading engineering companies, won the award for Excellence in Delivery from reputed auto major, Tata Motors at the Tata Motors Vendors' Meet 2012 held in Pune on June 04, 2012. Ramping up volumes for meeting the demand for engines for Ace Zip and Magic Iris, Greaves Automotive Division exceeded customer expectations and responded efficiently to the requirements from Tata Motors.

Commenting on the win, Mr. Sanjiv Kumar, CEO - Automotive Division, said "Coming from the Tata Motors stable, this award is recognition of our manufacturing prowess and high levels of delivery and adherence to stringent time schedules. In its continuous efforts to respond to market demands, Greaves Automotive Division is now focusing on the 4 wheel small commercial vehicle (SCV) segment through its technologically superior product offerings and a strong after market network."

Greaves Automotive Division has a wide portfolio in automotive engines and in single cylinder engines they are among the largest independent manufacturers with a production of over 4.5 lakh engines annually. These light diesel engines, which are eco-friendly and conform to BS - III norms, are supplied to major automotive players like Piaggio, M&M, Tata Motors, Scooters India among others.

The Company's manufacturing units, located at Ranipet in Tamil Nadu and Aurangabad in Maharashtra, are ISO/TS 14649 certified. The plants at both the locations are equipped with world class manufacturing facilities. The company's state-of-the-art Technology Centre is located at Aurangabad. The automotive diesel engines are also available for adaptation on CNG/LPG usage. Greaves Cotton has an excellent after-market product support infrastructure throughout India with a countrywide network of offices and over 400 authorised dealers.

About the company

Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton Limited, one of India's leading engineering companies reported a rise of 66% in Net Profit at Rs. 78 Crore in the quarter ended March 31, 2012 as against Rs. 47 Crore, in the same period of last fiscal. Net Sales for the period stood Rs. 445 Crore as against Rs. 454 Crore for the corresponding period last year. The Company declared a final dividend of 10% or, Rs.0.20 on a face value Rs. 2/-. Following this full and final dividend the total dividend for the fiscal including interim dividend stood at 110% or, Rs. 2.20, on a face value of Rs.2/-.

The EBIDTA margin for the quarter stood at 13.5% as against 14.5 % reported in Q4FY11.

For the full year, the company registered Net Sales of Rs. 1753 Crore as against Rs. 1600 Crore during the year-ago period a rise of 9.6%. Net profit for the year was at Rs. 185 Crore as against Rs. 155 Crore, an increase of 19.4 %. The company reported EPS of Rs. 7.60 as against Rs. 6.35 in the same period of last fiscal. The Company had an advantage of exceptional income of Rs.43 Crore during Q4 and FY 2011-12. This comprised of profit from sale of land and building Rs.77 Crore and provisions for obsolescence of inventory and diminution in value of investment, Rs. 20 Crore and Rs.14 Crore respectively. The normalized PAT (without exceptional item) for Q4 and FY 2011-12 stood at Rs.37 Crore and Rs.144 Crore respectively.

Engineering and partnering India's growth story with strategic businesses in key sectors of the Indian economy, Greaves Cotton Limited endevours to leverage its strengths in R&D and product development to widen product range across businesses. Backed by strong manufacturing capabilities and well penetrated distribution network, the Company is seeking a customer centric approach by providing best-in-class quality and service levels to customers.

Commenting on the company's performance during the year, Mr. Sunil Pahilajani, MD & CEO, said: "The business environment has been dynamic and has been constantly evolving. We as a Company have invested significant efforts and resources to streamline systems and processes in order to help deliver efficient results. We believe that this will help translate into sustainable and profitable growth for the organization. We remain performance driven and are confident that our focus on continued improvements in products and speed of response to the market will lend itself to innovation and value creation."

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

In its endeavour to strengthen the Construction Equipment Division, Greaves Cotton Limited, one of India's leading engineering companies, is looking at growing from construction equipment business to that of becoming a comprehensive infrastructure player. Keeping in tune with this objective, the construction equipment division is embarking on key business initiatives including technology transfers and other streams of business like rentals to re-construct its current business model. The division is all set to tie-up with Samil Korea, for a technology transfer which will come into effect from Friday, April 27, 2012. This will result in technologically superior products being offered to the Indian market

Commenting on this, Mr. Sunil Pahilajani, MD & CEO said "Augmenting its growth strategy, the Construction Equipment Division is seeking to operate in the gamut of infrastructure, offering customers superior products and solutions. Being a solution provider we are constantly working on expanding our product portfolio so as to meet customer demands. The strong thrust provided by the Government to the construction and infrastructure sector has further catalysed our strategy. This tie-up is a positive step taken to ensure that our products are backed by world class technology that ultimately translate into increased customer benefit."

Added Mr. Ramachandran Nandagopal CEO, Construction Equipment Division, "In today's competitive environment, customers expect world class technology and service. We are seeking to revamp our existing product portfolio to offer a wide variety of products that deliver higher levels of customer satisfaction. By ushering in best-in-class technology, we endeavour to build a robust contemporary product basket and aim to be a one stop solution for our customers."

Greaves Construction equipment division manufactures wide range of Compaction and Concreting equipment. The complete range of concrete equipment like Transit Mixers, Concrete Pumps, Batching Plants, etc. are manufactured at the Company's ISO 9001 certified Plants at Gummidipoondi(Tamil Nadu). The division also manufactures the complete range of compaction equipment like Vibratory Soil Compactors, Heavy Tandem Rollers, Light tandem Rollers at Gummidipoondi.

Greaves construction equipment is mainly used for construction of roads, bridges, buildings, ready mix concrete applications, etc. Greaves caters to the service and spare parts requirement of customers through their large network of qualified and trained service engineers located a various branches and dealerships

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton Limited, one of India's leading engineering companies, achieved a major milestone on February 17, 2012, with the roll-out of the 3 millionth light diesel engine. The Company's MD & CEO, Mr. Sunil Pahilajani, rolled out the engine at the Aurangabad facility. In December 2004, Greaves Cotton had reached the millionth light diesel engine mark followed by the second million in just 4 ½ years in May 2009. The 3 millionth engine roll-out marks the fastest and comes in less than 3 years.

Commenting on this milestone, Mr. Sunil Pahilajani, MD & CEO, said "Greaves Cotton's customer centric approach with ability to adapt to evolving market dynamics has made it a formidable player in the light engines business. Our growing presence in the 4 wheeler Small Commercial vehicles (SCV) market is a testimony to our strong in-house R&D and manufacturing capabilities, I am confident that the next million landmark will be even quicker."

Greaves auto engines are a preferred choice of leading auto manufacturers such as Piaggio, Tata Motors, Mahindra & Mahindra, Atul Auto, amongst others. In addition to the 4 wheeled SCV segment, Greaves engines cater to tractors and a range of off-road applications.

Greaves Cotton has a dedicated Technology Centre which designs and develops proprietary technology eco-friendly diesel engines for automotive and other applications. The Company's manufacturing plants are equipped with state-of-the-art facilities, making it a name to reckon with in the automotive industry. The light diesel engines are produced in the range of 4 - 20 HP and find wide applications in automotive, marine, industrial and other uses.

Greaves Cotton, a Rs. 1700 crore, multi-product, multi-location company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton achieves quarterly sales of Rs. 464 Crores for Q3 FY11, a rise of 11%over Q3 FY10.

Declares Interim Dividend of 20%

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 464 Crores for the quarter ended 31st December 2011 as against Rs. 419 Crores for the corresponding quarter last year (an increase of 11%). The Profit After Tax (PAT) was Rs. 34 Crores as against Rs. 44 Crores, for the same period last year. The Company has declared third interim dividend of 20% equivalent to Rs.0.40 per Equity Share of face value of Rs. 2/- each, taking the total interim dividend to 60% for the current financial year.

Financial performance for nine months ended 31st December 2011, has also shown growth in turnover. The turnover was Rs. 1,306 Crores as against Rs.1,145 Crores for the corresponding period last year, an increase of 14%, the PAT has remained at Rs.108 Crores.

The business environment, during the quarter under review, was challenging. Many economic indicators affected businesses at large, with high interest rates in particular impacting the construction equipment business.

The Company inaugurated its new state-of-the-art light engines unit at Aurangabad with a capacity of 87,000 engines. With this addition, the Company's total production capacity of light engines will go up to more than 3,75,000 per annum. The engines rolled out from the new facility are being supplied to manufacturers of Small Commercial Vehicles.

Mr. Sunil Pahilajani, MD & CEO, said, "The businesses of the Company are spread over key industry segments like automotive, agriculture, power and construction. Greaves Cotton's inherent strengths in manufacturing and technology coupled with a diverse product range augur well for growth, in future. The Company is making significant investments in areas such as product development, research, talent management, marketing and brand building. These are expected to improve productivity and deliver positive results in time to come."

Greaves Cotton, a Rs. 1,700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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Greaves Cotton achieves quarterly sales of Rs 439.57 crores for Q2 FY12, a rise of 16.2% over Q2 FY11.

Operating profit (EBITDA) grows by 5.4% to Rs 63.08 crores.

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs.439.57 Crores for the quarter ended 30th September 2011 as against Rs.378.39 Crores for the corresponding quarter last year (an increase of 16.2%). The Profit After Tax (PAT) has increased to Rs.38.64 Crores as against Rs.36.27 Crores, for the corresponding quarter last year (a growth of 6.5%). The Company has declared second interim dividend of 20% equivalent to Rs. 0.40 per Equity Share of face value of Rs. 2/- each. Though, industry growth momentum is slowing down, the Company's Automotive Engines segment, which enjoys a formidable position in the market, showed good growth.

The new manufacturing facility for automotive engines was inaugurated on 19th October, 2011 by Mr. Karan Thapar, Chairman, Greaves Cotton Limited. The plant will have an initial capacity to manufacture 87000 engines per annum, to meet the industry demands. This unit will manufacture both single and twin cylinder engines and will help meet the growing demand for such engines from small commercial vehicle manufacturers.

Financial Highlights

About Greaves Cotton

Greaves Cotton, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Mr. Sunil Pahilajani has been appointed as Managing Director & CEO Designate of Greaves Cotton Limited with effect from October 21, 2011. He will take over as MD & CEO from the present incumbent Mr. Prabhakar Dev who retires on November 4, 2011.

Mr. Pahilajani's role as Managing Director & CEO will entail overseeing the Company's operations and performance while guiding it to retain leadership position in engines and infrastructure equipment - the two core competencies of the Company. He will also provide impetus to the Company's ambitious growth plans.

Prior to his new appointment by the Board, Mr. Pahilajani held the position of Chief Executive Officer Designate in the Company.

A Mechanical Engineer from IIT, Roorkee, Mr. Pahilajani's experience in providing dynamic, innovative and visionary leadership to enthuse, energise and create high performance, self propelled teams will be a vital asset to the organization as the company strives to continually raise the bar and achieve greater success in the years ahead. With 27 years of rich industry experience including top management positions, Mr. Pahilajani will lead a team of professional managers backed by an experienced workforce to deliver greater stakeholder value.

Greaves Cotton a Rs. 1700 crore multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in Diesel / Petrol Engines, Gensets and Construction equipment. The company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service/parts network throughout the country.

Photo caption: Mr. Sunil Pahilajani

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The state-of-the-art facility to set new benchmarks in automotive engine manufacturing

It's a green field project with an initial investment of more than 50 crores and a production capacity of 87000 engines per annum

It incorporates host of green parameters like optimum use of daylight, energy conservation, rain water harvesting etc

Greaves Cotton Limited, one of India's leading engineering companies, today inaugurated its state-of-the-art green field plant in Shendra, Aurangabad in Maharashtra. The plant was inaugurated by Mr. Karan Thapar, Chairman, Greaves Cotton Ltd. A large gathering of employees was present on the occasion.

The Company has made an initial investment of over Rs 50 crores for the new plant. It will have an initial capacity to manufacture 87000 engines per annum, which will be eventually scaled up to meet the industry demand. This unit will manufacture both single and twin cylinder engines, meeting all contemporary emission norms, which will be primarily supplied to existing as well as new three and four wheeled small commercial vehicles manufacturers. Besides, these engines can also be used in generating sets, pumping sets, marine and host of other industrial and agricultural applications.

Greaves Cotton is among the world's largest manufacturers of single cylinder diesel engines. With the inauguration of the new plant, the Company's total production capacity of light engines will go up to more than 375000 per annum. Currently, over 80% of the diesel three wheelers in India are powered by Greaves engines and more than 2 million Greaves engines are already in the market powering small 3 and 4 wheeled commercial vehicles. Greaves Cotton is the supplier of choice for leading vehicle manufacturers like Piaggio, Mahindra & Mahindra, Tata Motors, Atul Auto, Scooters India and several others.

While inaugurating the new unit, Mr. Karan Thapar, Chairman, Greaves Cotton, said "Greaves Cotton has a longstanding association with the Aurangabad Industrial belt since the Company set up its first plant for manufacturing light weight internal combustion engines in Chikalthana way back in 1975." He further added, "With its superior technological processes, large-scale manufacturing set up and eco-friendly focus, the plant is a testimony to Greaves Cotton's vision to be a global leader in auto engines segment."

This manufacturing facility is among the most sophisticated ones for automotive engines in the country. It has a layout based on lean manufacturing system aimed at manufacturing excellence and optimizing all operating parameters.

The plant incorporates various eco features like optimum use of daylight, energy saving, rain water harvesting and soil conservation.

About Greaves Cotton Limited

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) a Rs. 1700 crore multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in Diesel / Petrol Engines, Gensets and Construction equipment. The company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service/parts network throughout the country.

Photo caption: Greaves Cotton's new Light Engines factory at Shendra, Aurangabad

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Greaves Cotton achieves quarterly sales of Rs 401.83 crores for Q1 FY12, a rise of 16% over Q1 FY11.

Operating profit (EBITDA) grows by 25 % to Rs 56.98 crores.

EBITDA margin improved by 110 basis point to 14%

Profit after Tax (PAT) shows robust growth of 26% to Rs 34.95 crores.

Profit after Tax margin improved by 71 basis points to 9%.

Cash Profit depicts equally strong growth of 22 % to Rs 42.20 crores.

Greaves Cotton Limited, one of India's leading engineering companies, today announced its first quarter results. The company has recorded an impressive growth both in revenue and PAT. The Company reported higher revenue at Rs 401.86 Crores for the quarter ended 30th June 2011 as against Rs 347.70 Crores for the corresponding quarter last year (an increase of 16%). The Profit after Tax (PAT) has increased to Rs 34.95 Crores as against Rs 27.77 Crores, over the same period last year (a quantum growth of 26 %).

Mr. Prabhakar Dev, Managing Director & CEO, said "Both our Engines and Infrastructure Equipment segments showed healthy performance on absolute as well as margin parameters. Our financial performance reflects Company's remarkable resilience and illustrates the benefits of concentrated organizational efforts over the past few years aimed at increasing stakeholder value"

He further added "We are confidently moving towards our growth objectives. Our new auto engine manufacturing unit with a production capacity of 80,000 units per year will go on stream shortly at Aurangabad."

Financial Highlights

About Greaves Cotton

Greaves Cotton Limited, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets. The Company sustains its leadership through six manufacturing units which produce world class products backed by comprehensive marketing and service/ parts network.

For further information, please contact:

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue of R 1250.47 crores for the financial year ended March 31, 2011 (9 months). The Profit Before Tax (PBT) and Profit After Tax (PAT) for the said period stood at Rs. 183.68 crores and Rs. 127.28 crores respectively. It may be noted that the Company has changed its financial year from July-June to April-March, with effect from July 1, 2010.

Dividend

The Company has declared final dividend of 35% equivalent to Rs. 0.70 per equity share of Rs. 2 each taking the total dividend to 75% or Rs. 1.50 per share of Rs. 2 each for the financial year 2010-11.

FY 2009-2010

For the corresponding period of nine months of the previous financial year, Greaves Cotton's revenue stood at Rs. 999.51 crores while Profit Before Tax (PBT) and Profit After tax (PAT) were at Rs. 133.71 crores and Rs. 90.20 crores respectively.

During the financial year 2009-10, the Company's turnover was Rs. 1347.21 crores whereas Profit before Tax and Profit after Tax were at Rs. 173.40 crores and Rs. 117.97 crores respectively.

Key Highlights for FY 2010-2011 (9 months)

Recorded a substantial growth in turnover and profits on the back of strong performance of its various businesses.

Engine business recorded a growth of 23% over corresponding period last year

Construction Equipment Division achieved higher sales at Rs. 156 crores (up 43%)

About Greaves Cotton

Greaves Cotton Limited, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets. The Company sustains its leadership through six manufacturing units which produce world class products backed by comprehensive marketing and service/ parts network.

For further information, please contact:

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) today launched a premium range of construction equipment for the infrastructure industry. With this launch, Greaves Cotton augments its already formidable presence with its wide range of products in the 3 segments of Concreting, Soil and Asphalt in the infrastructure equipment industry.

Greaves Cotton (CED - Construction Equipment Division) announced the launch of a range of world class, state-of-the-art-technology products here at BC India, 2011(A Bauma Conexpo show). The range includes:

Milling Machines

Paver

Loader

Twin Shaft Batching Plant

Greaves Cotton now brings to India the most advanced, state-of-art BOMAG Milling Machines. With features like Front Loading, Track Mount & Steering and Auto Control & Auto Engine power regulation; these machines are the latest technology in the road construction industry. These features enhance steering ability, load distribution, safety & operator convenience and efficiency resulting in precision finish of roads. The range comes in 1 to 2 metres and is backed by Greaves service and support assurance.

Also on offer is the Paver, this state-of-the-art equipment offers 9.2 metres of paving width and comes with enhanced screed features offering superior compaction, resulting in high quality finish and undulation effect on roads. The features in the Paver offers faster operation, better productivity, low and easy maintenance and operator comfort which is a hallmark of Bomag technology- World leaders in road construction equipment technology.

Continuing from its earlier range of loaders; Greaves now launches its 5T (ton) loader, extending its range from the already available 3T loader. This loader comes with components from world renowned manufacturers and is manufactured by Greaves technology. With ergonomically designed and fully air-conditioned operators' cabin as a standard feature coupled with brilliant enhanced features like single lever bucket operation and tilt steering column, this loader sets a new benchmark in this segment with operators comfort resulting in improved productivity and efficiency.

Complementing its existing range of batching plants, Greaves now brings the 60cbm Twin Shaft batching plant; an advanced global technology with twin shaft mixer technology offering a range of features for safety and enhanced productivity. This plant comes with a fully automatic software controlled operation and a rigid structure. With the promise of service and support round the clock, this world class technology product is low on maintenance. This product further establishes the leading position of Greaves Cotton along with its varied and wide range of batching plants, stationery & mobile concrete pumps and concrete mixers in the concreting segment of the construction equipment business.

"Greaves Cotton and BOMAG have had a long standing relationship and with these set of new product launches it enhances its presence in the construction equipment segment. With world class BOMAG technology, enhanced value additions, a formidable National Network with 24X7 anytime anywhere service and support; thus offering a triple benefit of Technology, Value and Reach to its customers", said a company spokesperson commenting on the occasion.

About Greaves Cotton Limited

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) a Rs. 1350 crore multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in Diesel / Petrol Engines, Gensets and Construction equipment. The company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service/parts network throughout the country.

About BOMAG

Based in Boppard, Germany, is the World's leading compaction manufacturer and is widely recognised as a provider of workable solutions for recycling asphalt, pavement and for soil stabilization. BOMAG's product line of machines for ground and asphalt compaction is broad and extensive from lightweight tampers to rollers weighing 3 to 25 tons; to landfill compact equipment weighing in at over 55 tons.

For further information, please contact:

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) today launched a premium range of construction equipment for the infrastructure industry. With this launch, Greaves Cotton augments its already formidable presence with its wide range of products in the 3 segments of Concreting, Soil and Asphalt in the infrastructure equipment industry.

Greaves Cotton (CED - Construction Equipment Division) announced the launch of a range of world class, state-of-the-art-technology products here at BC India, 2011(A Bauma Conexpo show). The range includes:

Milling Machines

Paver

Loader

Twin Shaft Batching Plant

Greaves Cotton now brings to India the most advanced, state-of-art BOMAG Milling Machines. With features like Front Loading, Track Mount & Steering and Auto Control & Auto Engine power regulation; these machines are the latest technology in the road construction industry. These features enhance steering ability, load distribution, safety & operator convenience and efficiency resulting in precision finish of roads. The range comes in 1 to 2 metres and is backed by Greaves service and support assurance.

Also on offer is the Paver, this state-of-the-art equipment offers 9.2 metres of paving width and comes with enhanced screed features offering superior compaction, resulting in high quality finish and undulation effect on roads. The features in the Paver offers faster operation, better productivity, low and easy maintenance and operator comfort which is a hallmark of Bomag technology- World leaders in road construction equipment technology.

Continuing from its earlier range of loaders; Greaves now launches its 5T (ton) loader, extending its range from the already available 3T loader. This loader comes with components from world renowned manufacturers and is manufactured by Greaves technology. With ergonomically designed and fully air-conditioned operators' cabin as a standard feature coupled with brilliant enhanced features like single lever bucket operation and tilt steering column, this loader sets a new benchmark in this segment with operators comfort resulting in improved productivity and efficiency.

Complementing its existing range of batching plants, Greaves now brings the 60cbm Twin Shaft batching plant; an advanced global technology with twin shaft mixer technology offering a range of features for safety and enhanced productivity. This plant comes with a fully automatic software controlled operation and a rigid structure. With the promise of service and support round the clock, this world class technology product is low on maintenance. This product further establishes the leading position of Greaves Cotton along with its varied and wide range of batching plants, stationery & mobile concrete pumps and concrete mixers in the concreting segment of the construction equipment business.

"Greaves Cotton and BOMAG have had a long standing relationship and with these set of new product launches it enhances its presence in the construction equipment segment. With world class BOMAG technology, enhanced value additions, a formidable National Network with 24X7 anytime anywhere service and support; thus offering a triple benefit of Technology, Value and Reach to its customers", said a company spokesperson commenting on the occasion.

About Greaves Cotton Limited

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) a Rs. 1350 crore multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in Diesel / Petrol Engines, Gensets and Construction equipment. The company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service/parts network throughout the country.

About BOMAG

Based in Boppard, Germany, is the World's leading compaction manufacturer and is widely recognised as a provider of workable solutions for recycling asphalt, pavement and for soil stabilization. BOMAG's product line of machines for ground and asphalt compaction is broad and extensive from lightweight tampers to rollers weighing 3 to 25 tons; to landfill compact equipment weighing in at over 55 tons.

For further information, please contact:

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 419 Crores for the quarter ended 31st December 2010 as against Rs. 344 Crores for the corresponding quarter last year (an increase of 22%). The Profit After Tax (PAT) has increased to Rs. 44 Crores as against Rs. 33 Crores, for the corresponding quarter last year (a quantum growth of 36%). The Company has declared second interim dividend of 20% equivalent to Rs. 0.40 per Equity Share of face value of Rs. 2/- each, making the total interim dividend to 40% for the current financial year.

Both the business segments of the Company viz. engines and Construction Equipment have witnessed strong growth compared to the corresponding quarter last year. The Company has further reported that the construction activity of the new automotive engines plant at Aurangabad is in full swing. The plant will go on stream mid 2011 as announced earlier. It will have a capacity of 80,000 engines and will help meet the growing demand for such engines from small commercial vehicle manufacturers.

Greaves Cotton, a Rs. 1350 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 378.39 Crores for the quarter ended 30th September 2010 as against Rs. 297.30 Crores for the corresponding quarter last year (an increase of 27.3%). The Profit After Tax (PAT) has increased to Rs. 36.27 Crores as against Rs. 23.90 Crores, for the corresponding quarter last year (a quantum growth of 51.8%).

During the quarter under review, the Company announced its plans to open yet another manufacturing facility for automotive engines. It will go on stream by mid 2011. Mr. Prabhakar Dev, Managing Director & CEO, Greaves Cotton Limited says "The new plant with the capacity of 80,000 engines per annum, will help meet the ever growing demand for such engines by small commercial vehicle manufacturers". Greaves Cotton already enjoys a strong position in auto engines segment catering to OEMs in both three and four wheeled commercial vehicles. The company also witnessed significant growth in its other businesses like auxiliary power, agro equipment and construction equipment.

Greaves Cotton, a Rs. 1350 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

New Plant to produce 80,000 single and twin cylinder engines

Greaves Cotton Limited, one of India's leading engineering companies, is setting up a state-of-the-art greenfield plant in Shendra, an industrial area of Aurangabad in Maharashtra. The initial investment in the plant of Rs 60 crore will go upto Rs 100 crore in stages. The plant will have a capacity of 80000 engines per annum which will eventually be scaled up to meet industry demand. This unit will manufacture both single and twin cylinder engines, meeting all contemporary emission norms, which will be primarily supplied to existing as well as new three and four wheeled small commercial vehicles manufacturers. These vehicles are normally owner driven and generate immense potential for self employment

With an annual production of over 3 lac engines, Greaves Cotton is among the world's largest manufacturers of single cylinder diesel engines. Over 80% of the diesel three wheelers in India are powered by Greaves engines and more than 2 million Greaves engines are already in the market powering small 3 and 4 wheeled commercial vehicles.

The foundation stone for the new plant was laid by Shri. Rajendra Darda, Industries Minister of Maharashtra on Sunday August 22, 2010. It is expected to go on stream by end of FY2011. Many dignitaries from industries and government bodies attended the event. A large number of Company employees were also present. The minister complimented Greaves Cotton for its contribution to industrialisation of Aurangabad region and Maharashtra.

The setting up of this additional facility will enable Greaves Cotton to capitalise on the huge growth potential seen in the automotive engines business particularly for three and four wheeled small commercial vehicles which are extensively used in the 'last mile' transportation segment in the country.

Beside its manufacturing units, Greaves Cotton also has a state-of-the-art Technology Centre in Aurangabad which is engaged in design and development of engines.

Greaves Cotton, a Rs. 1350 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Company Announces Stock split in the ratio of 1 : 5

Declares 30% Final Dividend. In addition, a special dividend of 75% to commemorate 150 years of the Company. Total dividend for the year is 150%.

Greaves Cotton Limited, one of India's leading engineering companies, has reported a higher revenue at Rs. 1347.21 crores for the financial year ended June 30, 2010 as against Rs 1040.80 crore for the year ended June 2009. The Profit Before Tax (PBT) and Profit After Tax (PAT) for the year have gone up to Rs. 173.40 crore and Rs. 117.97 crore as against Rs. 79.87 crore and Rs. 56.00 crore respectively for the previous year. The Company has declared final dividend of 30% equivalent to Rs 3 per equity share and a special dividend of 75% or Rs. 7.5 per share to commemorate 150 years of the Company, taking the total dividend to 150 % or Rs 15 per share for the financial year 2009-10.

The improved performance is a result of the Company's initiatives in strengthening its product portfolio and coming up with technological innovations especially in the field of automotive engines. The Automotive Engines segment, where the Company enjoys a formidable position in the market, showed robust growth driven by a strong demand during the year. Other businesses like agro engines, auxiliary power equipment and construction equipment also showed substantial growth over the previous year.

The Board of Directors has also approved a proposal for stock split in order to enable wider retail investor participation in the Company. The board approved a proposal to divide shares with a face value of Rs 10 each to 5 shares of Rs 2 each.

Greaves Cotton is a multi-product, multi-locational Company with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country and state-of-the-art Research & Development facilities.

For further information, please contact:

Engine segment shows impressive growth

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 358.01 Crores for the quarter ended 31st March 2010 as against Rs. 240.56 Crores for the corresponding quarter last year (an increase of 48.8%). The Profit After Tax (PAT) has increased to Rs. 33.61 Crores as against Rs. 14.37 Crores, for the corresponding quarter last year (a quantum growth of 133.9%). The Company has declared third interim dividend of 20% equivalent to Rs. 2.00 per equity share, making the total interim dividend to Rs. 4.50 per share for the current financial year.

Financial performance for nine months ended 31st March 2010, has also shown significant growth both in turnover and profit after tax. While the turnover, at Rs. 999.51 Crores as against Rs.799.29 Crores for the corresponding period last year shows an increase of 25%, the PAT at Rs. 90.20 Crores as against Rs. 42.75 Crores, shows a growth of 111%.

The engine segment of the Company, where the Company has considerable technological strengths, continued to show good performance. The automotive sector grew well, as also the agro engines business. The Company is aggressively promoting its new generation factory-built gensets among various target markets. Recent revival in the construction scenario is also expected to drive the Company's construction equipment business going forward.

Greaves Cotton is a multi-product, multi-locational Company with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country and state-of-the-art Research & Development facilities.

For further information, please contact:

Greaves Cotton, a leading engines and construction equipment manufacturer, has entered the earth- moving segment with the launch of its Wheeled Loader CG 932 H. It has also tied up with Mitsubishi Heavy Industries Limited, Japan, to market its range of Motor Graders in India.

Greaves Cotton, presently, is the only Indian manufacturer to offer a range of products in concreting as well as compaction segment. With the inclusion of these two new products in the earth- moving segment, it will have an exclusive position as a supplier for the contractors involved in road building, irrigation and other infrastructure development projects.

At EXCON 2009 in Bengaluru, Greaves Cotton launched its 14 / 12 Meter Boom Pump, a cost effective solution for contractors involved in construction of Elevated Highways, Bridges etc. The Greaves Perfect-mix 1000, a 60 cubic meter per hour capacity Concrete Batching Plant and GCP 450 DS, a high capacity Concrete Pump are the other new products showcased at the exhibition.

It may be recalled that the Company had recently launched the 19 ton Vibratory Compactor, the heaviest in the country, in technical tie-up with Bomag Gmbh, Germany. This compactor augments the existing range in the 10, 11 & 12 ton class. Greaves Cotton presently markets the entire range of Bomag products in India, which includes Pneumatic Tyred Roller, Cold Milling Machine, Stabilisers and Paver Finishers.

Greaves Cotton, a Rs. 1150 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines and infrastructure equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:

Greaves Cotton Limited, one of India's leading engineering companies, is launching the heaviest Single Drum Vibratory Compactor ever to hit the Indian soil. With a weight of more than 19 ton, this compactor is the heaviest in terms of operating weight and total force.

The compactor known as BW 219 D-4, is manufactured in Gummidipoondi, Tamil Nadu in a technical tie up with Bomag, Germany- the world leader in compaction equipment. This machine will complement an already well established range of Greaves compaction equipment.

The 19 ton Greaves Bomag vibratory compactor

BW 219 D - 4 with production output ranging from 960 to 1440 cubic meters per hour and above is capable of compacting layer thickness upto 1 meter, to achieve the required density with minimum number of passes. This high productivity will make the machine the ultimate choice for Contractors involved in Irrigation, Dams, Railways, Airports and Road projects.

Powered by a fuel-efficient water-cooled Tier II engine delivering 197 HP @ 2300 RPM, this 4th generation machine is capable of generating centrifugal forces up-to 32 Tons at an amplitude of 2 mm. Its operating weight of above 19 ton and a Static linear load of 60.1 Kg/Cm, with dual frequency and amplitude, enable faster project completion and optimum utilization of related equipment like dumpers, excavators etc.

BW 219 D-4, a 'Drum Drive' machine with Hydrostatic Travel and Vibration, comes with many features like Electronic Engine speed-control, 'Bolted' type Articulation Joint, No-Spin Differential Axle and Single Lever Travel and Vibration Control. The machine is also compatible for attaching latest compaction measuring instruments like Bomag Terameter (BTM) and Bomag Compaction Measuring (BCM) system. It can also be supplied with 'Bolt-on' type Pad Foot segments (BW 219 PD-4) with special scrapper attachments.

With a gradual turnaround in the Indian infrastructure project scenario and also with the Government back up, the wait seems to be finally over for contractors as the 'ultimate choice' in compaction has arrived.

Greaves, a Rs. 1300 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines and infrastructure equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

Mr. Prabhakar Dev has taken over as Managing Director & CEO of Greaves Cotton Limited with effect from May 4, 2009.

Mr. Dev's role as Managing Director & CEO will entail overseeing the Company's operations and performance while guiding it to retain leadership position in engines and infrastructure equipment – the two core competencies of the Company. He will also provide impetus to the Company's ambitious growth plans.

Greaves Cotton Limited, one of India’s leading engineering companies, today inaugurated a new manufacturing facility for agro equipment at Gummidipoondi, Tamil Nadu. This is the fourth unit of the Company in Gummidipoondi, making it a major manufacturing hub for Greaves Cotton. The Company already has 3 other factories dedicated to the manufacture of concreting and road making equipment for the infrastructure sector.

The new plant was inaugurated by the Company’s Managing Director & CEO Mr. P. Sachdev. The plant, located on a sprawling 4 acre area, will be the new manufacturing base for Greaves agro equipment and will produce petrol/ kerosene engines and other products which were hitherto being manufactured at Thoraipakkam in Chennai.

Speaking on the occasion, Mr. P. Sachdev said “India is an agri-dominated economy and Greaves contribution to farm mechanization dates back to over 5 decades. It is our constant endeavour to provide the Indian farmer modern machinery to help enhance farm productivity at an affordable price”.

The plant, set up with an investment of Rs. 15 Crores, is equipped with modern CNC machines to give cutting edge quality to various equipment being manufactured such as petrol / kerosene engines and pumpsets (1.0 hp to 5.0 hp), portable gensets (900 VA to 2800 VA) etc.

With an annual sale of around 90,000 portable agricultural pumpsets, Greaves agro equipment already commands majority share of the market in this segment. The Greaves brand of power tillers marketed by the Group have also shown quantum growth in sale over the past few years. A vast countrywide network of around 700 Dealers ensures a strong spares and service back-up for Greaves agri products, anytime, anywhere.

Plans are on the anvil to further strengthen the rapidly growing business of this Group with the launch of mini agri equipment such as brush cutters, roto tilling machines, reapers, harvester, rice planter etc. in the near future. Greaves will also continue its thrust on export markets such as Africa, SAARC and South East Asian countries.

Greaves, a Rs. 1350 crore, multi-product, multi-locational company is one of the leading engineering companies in India, with core competencies in diesel / petrol engines and infrastructure equipment. The company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

Greaves Cotton Limited, one of India’s leading engineering companies, today inaugurated a new manufacturing Plant for road compaction equipment in Gummidipoondi, Tamil Nadu. A Training centre was also opened.

The facilities were inaugurated by the Company’s Chairman, Mr. Karan Thapar. The newly opened plant is the fourth manufacturing unit of the Company’s Infrastructure Equipment Group. The new facility will complement the existing unit and enable the Company to enhance its production capacity from 600 to 1200 compaction machines per annum.

The company also announced the signing of technical collaboration agreement with Bomag GmbH, Germany to manufacture the latest generation 19 ton vibratory soil compactors in India. This model will now meet the growing demand from contractors involved in BOT road projects, airports, dam and irrigation projects and will facilitate faster completion of compaction jobs. Bomag is the world’s No. 1 manufacturer of complete range of compaction equipment and has had a successful and exclusive relationship with Greaves for twenty years.

Speaking on the occasion, Mr. Karan Thapar, Chairman said “Infrastructure development is a vital ingredient for sustainable economic growth in the country. Greaves is playing a key role in this endeavour by offering world-class equipment for both compaction and concreting segments. The opening of the new factory is one more step in that direction”.

Driving the new manufacturing facility is a team of seasoned professionals whose cutting-edge engineering skills and pioneering experience come together to offer world-class equipment for the Indian infrastructure industry.

Greaves is a leading manufacturer and supplier of construction equipment such as Transit Mixers, Vibratory Compactors, Tandem Rollers, Batching Plants, and Concrete Pumps for modern construction projects. These products apart from being superior in technology and performance are cost effective and easy to maintain.

Mr. P. Sachdev, Managing Director & CEO said “We are aggressively focusing on the booming infrastructure sector. High quality products backed by countrywide service network enable Greaves to maintain its leadership position in this business. We are very pleased with our long lasting and enduring relationship with a global leader like Bomag”.

In January 2007, Greaves had set up a new Plant to manufacture transit mixers. Greaves is the only manufacturer to make compaction and concreting equipment in the country.

The opening of the new training centre is yet another step in the Company’s quest for ‘Total Service Quality’. The training centre has full fledged training facilities to train operators and maintenance staff of customers as well as Company’s own engineers. This initiative will help in addressing the requirement of skilled manpower by the customers.

Over the past few years, Greaves has stepped its contribution to the infrastructure sector, by setting up four manufacturing units, for compaction and concreting equipment, which produce world class construction equipment. Greaves also has an extensive dealer network to cater to customer requirements throughout the country 24x7.

Greaves, a Rs. 1200 crore, multi-product, multi-locational company is one of the leading engineering companies in India, with core competencies in diesel / petrol engines and infrastructure equipment. The company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

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