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Greaves Cotton Rating: buy | A faster ramp-up is on the cards

We attended the Investor Day organised by Greaves Cotton (GRV). Key takeaways: (i) Electric Vehicle (EV) 2W focus is on: `70K–90K price points; B2B (low and city speed); and B2C (high speed). (ii) Launches planned for the high-speed segment; the ambition is to be among the top three players in India. (iii) Engines: Apart from mobility, the company is focusing on the entire spectrum of agri solutions, power solutions and industrial applications, and eyeing exports too. Strong traction in e-mobility, an expanding engines business and a sound balance sheet imply GRV is poised for a faster ramp-up and it will …

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