As the Indian electric vehicles market is picking up pace, auto component makers Lare grabbing a sizable increase in orders for EV parts, signaling a paradigm shift in vehicle technology soon.
For EV specific products, the Tier-1 auto component supplier is actively engaged with top six to seven new age electric two-wheeler makers for the supply of its EV and traditional products. During FY22, the company secured orders of more than Rs 400 crore of peak annual sales value from these new age OEMs.
"We have observed that global demand for India-made auto components and the focus on electric vehicles has resulted in several opportunities that the component manufacturers can harness. Based on our internal assessment, our potential content per vehicle in electric two-wheelers stands at Rs 50,000. Our annual EV order book currently stands at over Rs 980 crore," Sunil Bohra, Group Chief Financial Officer of Uno Minda told Autocar Professional.
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