BERLIN, May 13, 2024 /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.
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