"Belrise Industries Secures Significant EV Orders from Tata Motors and M&M"

Belrise Industries, a prominent auto component manufacturer, has clinched significant orders in the electric vehicle sector from Tata Motors and Mahindra & Mahindra.

Tata Motors appointed Belrise as the single-source supplier for Chassis Frames of its Tata Ace Electric Vehicle models. These frames are produced at Belrise's Pantnagar facility in Uttarakhand, conveniently located within a 3 km radius of Tata Motors' Light Commercial Vehicle assembly plant.

Since last December, Belrise has delivered over 5,000 Chassis frames to Tata Motors for its Ace EV models, with production steadily increasing weekly to meet Tata Motors' robust demand.

Furthermore, Belrise will provide more than 20 components for Mahindra & Mahindra's upcoming EV models, which are currently in the developmental phase. Commercial production and supply are projected to commence in the first quarter of the fiscal year 2024-2025.

As the exclusive supplier for EV models of both auto giants, Belrise's sales growth strategy will be closely tied to the anticipated sales volumes of Tata Motors and Mahindra & Mahindra.

Tata Motors currently leads the EV market for both 4-wheelers and LCVs, with Mahindra & Mahindra following closely behind.

Tata Passenger Electric Mobility, a subsidiary of Tata Motors, has ambitious plans to invest $2 billion in the EV sector, aiming to become a global player. This investment underscores Tata Motors' commitment to achieving net-zero emissions by 2039 for Jaguar Land Rover, 2040 for passenger vehicles, and 2045 for commercial vehicles.

Belrise Industries supplies components to leading domestic and global OEMs in the automotive industry. It is a preferred vendor for companies such as Bajaj Auto, Honda Motorcycles and Scooters, Hero MotoCorp, Royal Enfield, TVS, Jaguar Land Rover, Tata Motors, Mahindra & Mahindra, and LG Electronics, among others. The company also exports products to various regions, including the United States, Europe, and Asia.

HBL