# Sundram Fasteners wins $250 million EV supply contract from global automaker

Sundram Fasteners was awarded a $250 million contract by a leading global automaker to supply sub-assemblies for an electric vehicle platform, with plans to invest Rs 200 crore to support the six-year deal.

- Type: Contract
- Announced: 2023-01-17
- Where: Chengalpattu, Tamil Nadu; Sri City, Andhra Pradesh, India
- Value: $250.0M
- Status: announced
- Capacity: 1.5 million transmission sub-assemblies per annum
- Products: input and stator shaft sub-assemblies, drive gear sub-assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sundram Fasteners](https://endata.com/companies/9284.md) (supplier)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/auto/auto-components/sundram-fasteners-bags-usd-250-million-deal-from-global-auto-maker/articleshow/97058833.cms), 2023-01-17: "The $250-million supply contract, one of the largest in India, is a further testimony to our commitment to manufacture and supply high-quality industry-leading products."

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