Can L&T End India’s China Dependence? Engineering Giant Bets Big On EV Components | Explained
Larsen & Toubro (L&T) is making a major push into India’s electric vehicle (EV) supply chain, expanding into EV components as the country races to localise manufacturing. The engineering giant has already secured its first traction motor order from an electric two-wheeler maker and is in talks with passenger and commercial vehicle manufacturers. The move puts L&T alongside major players such as Tata Group, Mahindra, JSW, Bosch, Continental, Sona Comstar and Samvardhana Motherson in the rapidly growing EV components market.
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx…
Now make Mint your preferred source on Google and get business & finance updates first.
Add here – https://www.google.com/preferences/so…
Subscribe to Mint Premium Now: https://www.read.ht/Scaq
Subscribe to Mint’s WhatsApp Channel: https://whatsapp.com/channel/0029Va91…
