Company reports 10-15% of revenues from EV-related orders as domestic electric vehicle sales surge 28% year-on-year
02 Jul 2025 | 1300 Views | By Angitha Suresh
Godrej Enterprises Group's tooling division has positioned itself as a supplier to India's electric vehicle manufacturing sector, with EV-related orders accounting for 10-15% of the business unit's revenues over the past three years.
The Mumbai-based conglomerate announced that its tooling business has expanded capabilities to produce precision dies and ...
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Godrej Enterprises Group's tooling division has positioned itself as a supplier to India's electric vehicle manufacturing sector, with EV-related orders accounting for 10-15% of the business unit's revenues over the past three years.
The Mumbai-based conglomerate announced that its tooling business has expanded capabilities to produce precision dies and tooling solutions for EV components, including battery boxes and sheet metal parts. The company has invested 2-3% of its revenue in research and development and advanced machinery to meet industry requirements.
India's electric vehicle market recorded 1.96 million units sold in fiscal year 2025, with May 2025 registering a 28% year-on-year increase in sales. The growth has created demand for locally manufactured precision components as automotive suppliers adapt to electric vehicle production requirements.
Pankaj Abhyankar, Business Head of the tooling division, stated that the company aims to reduce import dependence while improving production timelines and cost efficiency for manufacturers. The business serves Tier 1 and Tier 2 automotive suppliers transitioning to electric vehicle component production.
The tooling business is exploring domestic production of select tools currently manufactured overseas, with plans to develop export markets for these localized solutions. This approach aligns with the government's Make in India initiative and import substitution policies in the automotive sector.
Godrej Enterprises Group, established in 1897, operates across aerospace, energy, security solutions, and consumer durables sectors. The conglomerate has manufacturing presence across five continents and serves both consumer and industrial markets through various business divisions.
The company's entry into EV tooling reflects broader industry trends as automotive manufacturers shift production capabilities to accommodate electric vehicle assembly requirements and supply chain localization efforts.