menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Business News

>

Shift to z...
source image

HinduBusinessLine

1w

read

373

img
dot

Image Credit: HinduBusinessLine

Shift to zero-emission vehicles opens growth opportunities: Sundaram-Clayton

  • Sundaram-Clayton sees growth opportunities in shifting to zero-emission vehicles, as it is a preferred source for aluminium castings to major OEMs in India, the US, and the EU.
  • OEMs are focusing on reducing carbon footprint throughout their supply chains, which may lead to a push for localization and sourcing policy changes. Sundaram-Clayton has a US manufacturing facility to mitigate potential sourcing policy threats.
  • The company is implementing green initiatives and aims to meet 80% of energy needs at its Thervoy Kandigai plant through renewable sources, demonstrating commitment to sustainability.
  • While export markets pose challenges due to geopolitical scenarios and tariffs, the outlook for the company in India for FY 2025-26 is positive. The company is monitoring costs closely and taking measures to maintain and improve profit margins.

Read Full Article

like

22 Likes

For uninterrupted reading, download the app