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Sundram Fasteners Secures ₹4,000 Crore in EV Orders
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2024-08-22
Sundram Fasteners Ltd, a leading auto parts manufacturer, is experiencing significant growth in its electric vehicle order book. The company currently holds around ₹4,000 crore worth of EV orders, with more contracts in the pipeline.
Despite some challenges, the transition to EV technology in India is accelerating, fueled by government subsidies, increased awareness, and more frequent product launches across various categories. Consequently, Sundram Fasteners has seen a robust inflow of orders for EV parts.
The Chennai-headquartered company supplies components such as fasteners, hot-forged machine parts like bevel gears and pinions, battery coolant caps, and various types of shafts to OEMs in the EV sector. Additionally, it is developing an electric water pump.
The current ₹4,000-crore order book is to be fulfilled over the next 5-6 years. The order book is expected to grow as Sundram Fasteners negotiates with several customers for new EV orders.
Sundram Fasteners
印度
汽車零件
電動車
訂單
扣件
錐齒輪
小齒輪
India
auto parts
EV
fastener
hot-forged machine parts
order
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