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Automotive closures, such as doors, are non-structural parts of the vehicle that are hinged to the body frames to allow access and egress. Automotive closures are an essential component of the car because they improve functionality and safety.
For the past few years, automotive closures have seen substantial advancements in terms of design, weight, and functions.
The worldwide automotive closure industry is primarily fueled by rising vehicle sales. The desire for new vehicles has been spurred by an increase in commuting demand among young and middle-income families.
The availability of zero-down-payment and attractive EMI choices, as well as simple subprime mortgage financing, is increasing vehicle ownership, which is fueling the automotive closures industry.
The India Automotive Power Closure Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Greaves Cotton Limited is a well-known manufacturer and marketer of diesel engines, gasoline engines, generator sets, pump sets, and construction equipment.
Greaves Cotton is one of the largest single-cylinder diesel and gasoline engine manufacturers in the world. It also features dual cylinder engines that are used in running wheeler vehicles and small commercial vehicles.
Engines, power, farm equipment, mobility, and aftermarket are just some of the industries where the company delivers goods and solutions. Automotive, non-automotive, aftermarket, Greaves retail, electric mobility (Ampere Electric for electric scooters and other electric industrial products, as well as e-rickshaws) and Greaves Finance are some of the company’s divisions.
The company is active in engine development, engine applications, and power tiller trading, as well as engine spares, electric cars, infrastructure equipment, and so on.
Greaves Cotton expanded its clean technology portfolio by introducing Ampere Electric Vehicles to the last-mile inexpensive wheeled personal mobility category and e-rickshaws to the last-mile people transportation segment.
In the states of Maharashtra and Tamil Nadu, the firm has established marketing and production operations. Although some items are exported to the Middle East, Africa, and Southeast Asia, they are primarily sold in India. There are two types of subsidiaries for the company: direct and indirect.
