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Sundram Fasteners plans on growing exports

By Abhijat Sanghvi , 2018-08-23 12:00:00

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Chennai, Tamil Nadu –Sundram Fasteners Ltd (SFL) is aiming towards growing its exports in the next five years to half of its total business, according to Arathi Krishna, Managing Director, SFL. Currently, exports make for about a third of the company’s business.  “Out of our 30 percent export portfolio, about 80 percent is to North American automotive companies, and we would look to expand our business more there in the coming years,” she said.

The five-decade old company, which supplies fasteners to all the major vehicle manufacturers, is in works with most electric vehicle manufacturers to understand the shift towards hybrid electric vehicles. “Up to 30 percent of Sundaram’s portfolio would be affected by an overnight shift to electric vehicles. But hybridisation to electric will take a while,” stated Arathi, adding that a sizeable transition from traditional motor engines to low-carbon electric mobility will happen only by 2040.

Source: Fasteners Association of India

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