Archive · 30 Jul 2026
L&T Invests Rs 5,000 Crore to Become Tier‑I EV Supplier
Larsen & Toubro, a big Indian engineering company, said it will spend a lot of money—about 5,000 crore rupees—to make parts for electric cars.
They want to build a factory in Tamil Nadu that will make motors, safety systems and other tech for cars.
The company already has a deal to supply half a million motors to a two‑wheel bike maker.
They are also working on driver‑help systems that can keep people safe on Indian roads.
L&T plans to use its own inventions and partner with other companies to grow fast and make most of the parts in India.
L&T plans Rs 5,000 crore investment over five years to build EV motor, safety and connected‑vehicle manufacturing hub in Tamil Nadu.
Company aims to become Tier‑I auto supplier, targeting 10‑15% share of the $4.85 billion B2B electronics market by 2031.
First commercial order secured: 500,000 electric traction motors for a two‑wheeler maker, with production starting soon.
L&T is developing India‑specific ADAS and high‑capacity charging solutions, anticipating regulatory mandates from 2027.
Strategy focuses on IP‑led ecosystem, technology licensing, joint ventures and startup investments to accelerate product development.
- Who
- Larsen & Toubro (L&T) and its EPS group
- What
- Invest Rs 5,000 crore to become a Tier‑I supplier of EV motors, safety systems and connected‑vehicle technologies
- When
- announced on a Wednesday
- Where
- Tamil Nadu, India
- Why
- to enter the automotive components sector and capture growth in the EV market
- Investment amount
- Rs 5,000 crore
- Timeframe
- 5 years
- Target market share
- 10‑15%
- First order quantity
- 500,000 traction motors
- Location
- Tamil Nadu, India