L&T enters electronics business with an investment of Rs 5,000 crore
Multinational business firm Larsen & Toubro (L&T) has entered the automotive electronics business with an investment commitment of Rs 5,000 crore over the next 5 years. The investment will fuel manufacturing facilities in Coimbatore, research centres in Bengaluru and Coimbatore, and the development of products ranging from electric vehicle (EV) traction motors and motor control units to advanced driver-assistance systems (ADAS).
L&T is looking to capitalise on the rapid electrification and digitisation of vehicles in India.