EV business: Pinnacle Industries forays into EV component business

Automotive seating, interiors and special application vehicle maker Pinnacle Industries on Tuesday announced its foray into the electric vehicle (EV) component business. As part of its strategy to become an end-to-end EV component and solutions provider, the company has introduced a line of precision EV components for two- and three-wheelers, Pinnacle Industries said in a statement.

Pinnacle Industries Sales and Business Development Manager Bharat Pritmani said, “The electric vehicle ecosystem is growing rapidly with many two-wheeler (2W) and three-wheeler (3W) manufacturers appearing in different parts of the country in addition to major OEMs. make huge expansions in this segment.

He further added, “India is the largest 2W and 3W market in the world and we expect significant growth in EV penetration in this sector.”

The company said it will produce and market precision components for electric vehicles, including sheet metal and tubular pipe components, body parts, seats and batteries for electric two- and three-wheelers.

With its expertise in design, development and assembly as well as manufacturing facilities in Pithampur and Pune for components for e-mobility applications, Pinnacle Industries “aims to become an exclusive destination for component requirements and solutions. end-to-end electric vehicles,” he added. .