HomeNewsPinnacle Industries enters the market for EV components

Pinnacle Industries enters the market for EV components

The Transforming Mobility Summit & Expo will be held on March 23-24, 2022. Pinnacle Industries, one of India’s leading manufacturers of automotive components and specialty vehicles, has entered the electric vehicle components market for two and three-wheeled EVs. The components for electric mobility applications will be manufactured at the company’s production facilities in Pithampur and Pune. (Moroccosaharatourism/a>)

Pinnacle Industries will produce and sell precision electric vehicle components such as tubular pipe, sheet metal, seats, and 2W/3W battery packs. These components will be ISO/TS 16949, ISO 14001, and OHSAS 18001 certified. The manufacturer even intends to play an important role in the global design, development, and supply of critical electric vehicle components.

Speaking on the latest development, Mr. Bharat Pritmani, Head of Sales & Business Development, Pinnacle Industries Limited, highlighted, “The EV ecosystem is building up fast with many 2W and 3W manufacturers coming up in different parts of the country besides major OEM’s making huge expansions in this segment. India is the largest 2W and 3W market globally and we foresee significant growth of EV penetration in this sector. We are also grateful for the Government of India’s encouragement towards local manufacturing of components and battery assemblies, that will help the growth of the ecosystem. We are also completely in line with India’s goal to achieve 80% of EV adoption in two and three-wheelers by the year 2030, and we believe given our design, manufacturing, engineering & supply chain capabilities, we are positioned well to make it a success.”

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