Lucas TVS bets big on diverse portfolio for future growth
Tier-1 major anticipates strong single-digit growth rate over the next few years, driven by robust demand for its range of products that are agnostic to ICE and EVs.
05 Feb 2025
988 Views
Share -
Tier-1 major Lucas TVS is bullish about strong growth in the coming years. The company is betting big on the growing demand for its products, which comprise a healthy mix of ICE and EV components.
Arvind Balaji, Managing Director, Lucas TVS, says, "ICE will contribute a much bigger portion of our revenues, and we expect a high single-digit growth rate over the next few years. We have developed a strategy to make ourselves as agnostic to market trends as possible."
VIDEO:
RELATED ARTICLES
'Automation and EVs Are Redefining Workforce Diversity in Auto Industry': TeamLease Services
Prerna Lidhoo
15 Mar 2025
While women presence in manufacturing plants was less than 1% until a decade ago, today, EV units are setting new benchm...
'We expect the EV market to grow further': Jyoti Malhotra
Autocar India
14 Mar 2025
With EVs comprising a fourth of its sales volumes in India in CY2024, Swedish luxury carmaker Volvo bets big on the luxu...
Jupiter Wagons Expands Beyond Railways, Sets Sight on e-LCV Segment
Shahkar Abidi
13 Mar 2025
A high-value component supplier in the railways segment, Jupiter Wagons has recently forayed into the e-LCV segment with...
