Chennai-based Sundram Fasteners bags $250 million worth of orders from global automakers for supply of EV parts

In a statement on Wednesday (18 January), the company said that the deal is one of the largest won by a supplier in India for this range of products for an EV platform. The company has estimated an annual sales peak of $52 million in 2026 with a supply of 1.5 million drive unit sub-assemblies per annum.