Speaking about EV, Suresh Krishna, CMD of Sundram Fasteners said that by 2030 only 8 percent of the vehicles produced in the world will be electric. The inflection point will come in 2040 when it is expected that about 30-40 percent of the vehicles produced in the world will be electric.
Sundram Fasteners is a 50 year old company started with just a few lakh rupees and now a turnover of Rs 3,500 crore. This was achieved under an able leadership of company's CMD, Suresh Krishna.
S Meenakshisundaram, CFO, Sundram Fasteners, says the company has divested stake in its German subsidiary entirely.