Greaves Cotton to set up new auto engines plant
Greaves Cotton Ltd 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 Rs60 crore will go up to Rs100 crore in stages. The plant will have a capacity of 80,000 engines per annum which will eventually be scaled up to meet industry demands. 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.
The unit is expected to go on stream by end of FY2011. 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 automotive engines.
With an annual production of over three lakh 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 two million Greaves engines are already in the market powering small 3 and 4 wheeled commercial vehicles.