Godrej & Boyce eyes Europe's EV market amid rising demand

Berlin (ots/PRNewswire) - Godrej & Boyce, announced that its Motor Components
business is targeting a revenue of 1000 Cr in the next three years, with 50% of
the revenue coming from exports. As demand for electric vehicles (EVs) surges,
Europe has emerged as a manufacturing powerhouse for automobiles and allied
industries. Godrej & Boyce, a leading industrial manufacturing brand, is making
significant strides in the European market, particularly in the realm of
electric vehicle components. The Motor Components business is participating in
CWIEME Berlin (Hall 1.2 Stall 12E51), to showcase its expertise in precision
laminations and components for niche applications.

Godrej & Boyce has a strong footprint in the European markets of Germany, the
United Kingdom, Sweden, Slovakia, and the Czech Republic. As the automotive
industry undergoes a transformation driven by the widespread adoption of EVs,
Godrej & Boyce is poised to meet the escalating demand for EV components.
Offering a comprehensive range of laminations and components, the company
specializes in tailoring its products to meet the unique specifications provided
by clients. This customization necessitates a meticulous approach and advanced
manufacturing capabilities, distinguishing Godrej & Boyce as a leader in
delivering highly specialized components for specific applications.

Xercsis Marker, Executive Vice President & Business Head of the Motors
Components business, Godrej & Boyce, said, "As the demand for electric vehicles
continues to soar, particularly in markets like Germany, we recognize the
immense opportunities within the automotive sector. We are committed to driving
innovation and excellence in the realm of electric vehicle components. With our
strong foothold in key European markets and our focus on customization, quality,
and continuous improvement, we are well-positioned to meet the evolving needs of
the automotive industry, while maintaining our commitment to excellence and
customer satisfaction."

In line with its commitment to quality and compliance, the company has secured
essential certifications, including the VDA 6.3 Quality Management System, for
the automotive industry, and the imminent IATF certification. Godrej & Boyce
places a strong emphasis on research and development, driving continuous
innovation to diversify its portfolio and enhance manufacturing capabilities. By
staying at the forefront of technological advancements and industry trends, the
company remains well-positioned to meet the evolving needs of the European
automotive market.

To know more about Godrej & Boyce Mfg. Co. Ltd. click here
(https://www.godrej.com/)

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Contact:

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