# 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.

- Type: Expansion
- Announced: 2020-11-04
- Where: India
- Value: $13.5M (100.0M INR)
- Status: announced
- Products: components for aerospace and defence
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Sundram Fasteners](https://endata.com/companies/9284.md)
- [Sunfast TVS](https://endata.com/companies/50990.md) (partner)
- [TVS Engineering](https://endata.com/companies/50991.md) (partner)
- [TVS Upasana](https://endata.com/companies/50992.md) (partner)

## Sources

- [thehindu.com](https://www.thehindu.com/business/sundram-fasteners-diversifies-into-aerospace-defence/article33024817.ece), 2020-11-04: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.