Sundaram Fasteners already bags in INR 4000 Cr EV orders

Leading auto part manufacturer, Sundaram Fasteners holds EV orders worth INR 4000 Cr, to be completed in next 5-6 years and anticipates more orders in their way soon. Current year Capex is of 350-400 Cr, compared to last year’s 343 Cr fully funded through internal accruals while the EV segment’s contribution in total review increases from 6% to 10-15 % in coming years.