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Automotive Product Finder Magazine | US auto component maker Dana sees opportunity in India’s EV space

US auto component maker Dana sees opportunity in India’s EV space

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News  /   December

India

American auto component maker Dana has said that India offers huge opportunities for the company in the EV space and it continues to invest in all its facilities depending upon the demand.

The company earlier this year made a minority investment in Switch Mobility to develop electric vehicle (EV) drivetrains with Ashok Leyland's electric commercial vehicle arm. Dana has 18 facilities in India, which include joint ventures as well as a recently launched dedicated EV drivetrain manufacturing facility in Pune.

Dana is a leader in electrification, especially in the high-voltage segment. Stating that it is quite optimistic about the growth in electrification, he said that even on the low-voltage side where Dana supplies to the two/three-wheelers and small commercial vehicle makers, it sees opportunity, especially in the last-mile mobility

Dana has a strong lead, technology and localisation capability besides local talent to support the development of solutions for its customers and therefore, it sees electrification as a major opportunity for itself, said Gajanan Gandhe, country-head, Dana, India. He also said the company is clear about which areas it wants to invest in, organically or inorganically, as it looks at factors such as the maximum demand growth opportunity, its competitive advantage in those areas in terms of the technology or its operations as well as its engineering capability.

He added that they have invested in most of the plants around India, whether it is in Pune for passenger vehicles, or in Noida, for off-highway vehicles or Sanad for small commercial vehicles (among others). Dana is a global leader in drivetrain, e-propulsion systems, supplies axles, driveshafts, transmissions, and electrodynamic, thermal, sealing, digital equipment for conventional, hybrid, and electric-powered vehicles.

Source: The Economic Times

Also Read:

https://www.automotiveproductsfinder.com/news/mg-motor-to-export-cars-from-gujarat-plant/135150

https://www.automotiveproductsfinder.com/news/tuv-sud-to-launch-new-testing-lab-in-india/135151

 

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