L&T expands localized EV components push from Coimbatore
L&T is scaling traction motors, drive-control units and ADAS systems, backed by a two-wheeler order and OEM discussions. It has localized about 98% of traction-motor components, accounting for roughly 70% of motor value, as it targets import substitution in India’s premiumizing EV market.
L&T is expanding into localized EV traction motors, drive-control units and ADAS systems, with a two-wheeler order secured and talks underway with vehicle makers. Production will be based in Coimbatore, targeting import substitution and India’s premiumizing EV market.
Why this matters
No related recent Larsen & Toubro signals were provided. The Coimbatore expansion highlights a focus on import substitution and OEM supply in India's premiumizing EV market.
Retail-company signals are accelerating, up 408833% QoQ.
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- Mint — Same time