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Sundram Fasteners to infuse Rs 750 cr in capacity expansion

Thursday, 30 Jun 2022
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Sundram Fasteners is planning to make an investment of Rs 750 crore, including investments under the PLI Scheme, over the next two to five years. 
The investment will be made towards creating capacity for defence and wind energy parts businesses as well as developing components in emerging technology segments. 
Sundram Fasteners already has orders worth Rs 150 crore for e-vehicle products, and it expects orders over Rs 200 crore for new EV products. 
The Sri City factory to make products for hybrid and EV vehicles is expected to provide a boost to its EV business.
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