# Sundram Fasteners wins $250M EV parts supply contract

Sundram Fasteners won a $250 million contract from an undisclosed international company to supply shaft sub-assemblies and drive gear sub-assemblies for EV platforms. The company will invest Rs 200 crore to support the six-year order.

- Type: Contract
- Announced: 2023-01-17
- Where: Chengalpattu, Tamil Nadu; Sri City, Andhra Pradesh, India
- Value: $250.0M
- Status: announced
- Capacity: 1.5 million drive unit sub-assemblies per annum
- Products: 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

- [business-standard.com](https://www.business-standard.com/article/automobile/sundram-fasteners-wins-over-250-million-electric-vehicle-parts-contract-123011700997_1.html), 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 such as sub-assemblies."

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