Anand Group eyes growth as EV shift drives demand

Anand Group's sunroof business has emerged as a standout performer, with capacities already at full utilization

- Alisha Sachdev

Indian auto components maker Anand Group is poised for significant growth this year as the automotive industry accelerates its shift towards electrification, despite headwinds from global market saturation and a lukewarm 2024, a top company official said.

Anand Group chief executive Mahendra Goyal emphasized the group's strong position in the evolving electric vehicle (EV) landscape, citing a six-to-seven-fold increase in per-vehicle content value for its thermal systems and braking solutions tailored to EVs. "The value proposition for EVs is dramatically higher compared to internal combustion engines (ICE)," Goyal said in an interview with Mint. The group has introduced e-compressors and integrated thermal systems to cater to EV-specific needs, he said.