- Business
- Sundram Fasteners Limited manufactures and sells high-precision components for the automotive, infrastructure, wind energy, aerospace, defense, farm equipment, industrial, and aviation sectors; its core products include high-tensile fasteners, cold extruded parts, hot forged components, powertrain parts, pumps and assemblies, radiator caps, powder metallurgy products, iron powder, and wind energy fasteners. Founded in 1966 and headquartered in Chennai, India, the company, part of the TVS Group, serves OEM and aftermarket customers across India, the Americas, China, the United Kingdom, Germany, the USA, France, Italy, Brazil, and other regions, with primary revenue from automotive fasteners representing about 64% of sales. Recent developments encompass a Rs 1,411 crore MoU signed in January 2024 with the Government of Tamil Nadu for capacity expansion through 2027-2028 focused on electric vehicle components and existing products; capital expenditures of Rs 71.48 crore in Q1 FY2026 and ongoing investments including Rs 800 million for wind energy fastener capacity targeting FY2027 revenue, Rs 1 billion already deployed in wind energy, and expansions in Sri City and EV businesses domestically and overseas; strategic collaborations on fuel-agnostic internal combustion engine platforms with a leading global engine manufacturer; and a Rs 250 million electric vehicle order alongside a Rs 4,000 crore EV pipeline.