# Sundram Fasteners wins $250M EV sub-assembly supply contract

Sundram Fasteners has been awarded a $250 million contract by a leading global automobile manufacturer to supply sub-assemblies for its electric vehicle platform. The company will invest Rs 200 crore to support the six-year contract, with shipments from its powertrain divisions in Tamil Nadu and Andhra Pradesh.

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

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/sundram-fasteners-wins-a-250-million-contract-to-supply-ev-sub-assemblies-for-global-client/articleshow/97064052.cms), 2023-01-17: "This prestigious award marks a significant milestone in our company's history."

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