Traction from 2-wheelers, 3-wheelers is improving; adding capacity and dealers: Greaves Cotton

Nagesh Basavanhalli, Group CEO & Managing Director of Greaves Cotton, said that they are seeing a lot of traction in the personal mobility segment. He also said that the traction from two and three wheelers is improving.

“In the recently concluded analyst call, we said on a monthly run rate we are running at about roughly Rs 20 crore per month run rate. We have exceeded last year’s numbers in terms of revenue. So, the traction on a monthly run rate both from two wheelers and three wheelers is improving. Quarter-on-quarter (QoQ) for example we saw 100% plus sales.”

“On the bottomline, we demonstrated that this business potentially can break even. But we are also in an investment phase and our market share capture phase. So, this is the fine line while we are obviously very conscious of profitable growth."