Tata Autocomp’s senior management recently revealed how they plan to look at the fast growing electric vehicle industry and what products and solutions they plan to offer.
The company is already a key player in the Indian auto ancillary sector. It had recently roped in a top management Tata Motors veteran Dr AK Jindal to head a division it has created exclusively to cater to the e-mobility sector.
The company considers the near term revenue potential in the sector to be about $300 million for the firm, with both the Indian and export markets factored in.
With Make in India being a key theme for the Indian electric vehicle sector and with a number of OEMs – from small electric bicycle makers to manufacturers of large electric buses, every OEM is keen on indigenizing as much as possible. And the government of India too has aligned incentives for such indigenization.
It will hence be interesting to see how companies such as Tata Autocomp strategize and execute for the EV sector in the next few years.
More about the company’s plans for the EV sector from here
