Sundram Fasteners diversifies into aerospace and defence

Sundram Fasteners Ltd. has forayed into aerospace and defence sectors to reduce dependence on the auto industry. The company has incorporated Sunfast TVS Ltd. and TVS Engineering Ltd. as wholly owned units for components, with a budget of ₹100 crore.

“We have commenced operations in defence and aerospace to de-risk our business model and shelter it against the cyclical nature of the auto industry”thehindu.com

• 1 source
• thehindu.comSundram Fasteners diversifies into aerospace, defence - The HinduN AnandNov 4, 2020

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