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Posted By Priya Singh on 13-Dec-2024 08:06 AM
Key Highlights:
Greaves Retail, a division of Greaves Cotton Limited, has made a significant move into the construction equipment industry. At bauma CONEXPO India 2024, the company launched a new range of high-performance electric light construction equipment.
This launch aligns with their focus on sustainability by offering zero-emission solutions that combine cutting-edge technology with reduced operational costs.
The newly introduced range includes:
Mini Excavators (2 Ton to 4 Ton)
Electric Scissor Lifts (6–14 Meters)
Electric Boom Lift
Excel Controlinkage Showcases Engineering Excellence
Excel Controlinkage Pvt. Ltd., a subsidiary of Greaves Cotton, also showcased its advanced products. Highlights included gear shift levers, cables, throttle controls, and metal-bonded rubber components for heavy commercial vehicles. These products are designed for durability and efficiency, catering to both domestic and international clients.
CEO’s Vision for Growth
Narasimha Jayakumar, CEO of Greaves Retail, emphasized the growth potential in India’s construction sector, fueled by government investments in infrastructure. He highlighted the industry's projected growth rate of 9.5% CAGR, with an estimated market size of $1.4 trillion by 2025.
Jayakumar stated, “Launching our new range at bauma CONEXPO India 2024 reflects our commitment to innovation, sustainability, and supporting the construction sector’s growth.”
Greaves Cotton’s Diversification Strategy
This entry into construction equipment aligns with Greaves Cotton’s strategy to diversify beyond its traditional automotive focus. The company has transitioned from a single-product, single-fuel firm to a multi-product, multi-fuel enterprise with diversified revenue streams.
Greaves Retail’s new range highlights its commitment to sustainability and innovation, setting a benchmark for the future of construction equipment in India.
Also Read: SANY India Unveils Advanced Construction Equipment at Bauma Conexpo 2024
CMV360 Says
Greaves Retail's move into the construction equipment sector is a smart decision, especially with the growing demand for sustainable solutions in India. Their new range of zero-emission, high-performance machines meets both environmental and operational needs. This move shows how Greaves Cotton is evolving and staying ahead as an innovative player in both the mobility and construction industries.
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