Sansera Engineering gets Rs 508m order from North American EV manufacturer

Sansera Engineering said that it has secured order confirmation for three components from an undisclosed North American manufacturer of electric vehicle (EV) passenger cars.

According to the Indian auto components manufacturer, the orders are for precision forged and machined components for electric passenger cars.

The orders are worth around INR 508 million per annum.

Sansera Engineering said that the customer indicated that following successful trials, the mass production of the parts will begin during FY24.

Previously, the Indian auto components manufacturer won an order worth INR 497 million from the same customer.

Following the new orders, the annual order book of Sansera Engineering with the customer has surpassed INR 1 billion.

B R Preetham — Sansera Engineering Group CEO said: “I am very delighted to announce receipt of these orders for precision forged and machined components for PVs. This is a strategic win for us, helping us in our product portfolio expansion in the EV space.

“Given that it is a repeat order from such a marquee player in the EV space, demonstrates enhancement of our comprehensive capabilities in this segment.

“We see strong growth opportunities in the new technologies, and we are committed to grow in this area. These orders would contribute towards our growth in the technology agnostic products and unfold more opportunities in this area.”