CHENNAI: May 1, 2025: Sundaram Fasteners, a Tier 1 component of the TVS Group, has announced a capital expenditure investment of Rs 376.43 crores aimed at improving its ability to serve leading customers in the automotive and industrial sectors.
The company’s Board of Directors stated in their audited financial results for the year, “To foster long-term growth, we have allocated Rs 376.43 crores for capital expenditure to expand our existing business lines and initiate new projects.” These investments will significantly improve our ability to meet customer demand across multiple segments, such as ICE vehicles, PHEVs, and EVs.”
The company achieved its highest quarterly revenue of Rs 1,353.99 crores for the quarter ending March 31, 2025, compared to Rs 1,278.13 crores in the same quarter last year.
Domestic sales in the same quarter totalled Rs 900.42 crores, up from Rs 846.26 crores the previous year, while exports were Rs 409.62 crores, up from Rs 385.28 crores.
Arathi Krishna, Managing Director, elaborated on the capital expenditure plans, saying, “A strong domestic and export order book supports our growth.” We are committed to driving volume-led growth by capitalising on emerging opportunities in the electric vehicle sector while focusing on innovation, allowing us to outperform industry growth rates.”
Sundram Fasteners, headquartered in Chennai, has a diverse product portfolio and world-class facilities in three countries. They offer high-tensile fasteners, powder metal components, cold extruded parts, hot forged components, radiator caps, automotive pumps, gear shifters, gears and couplings, tappets, iron powder, powertrain components, and sub-assemblies.
Over time, the company has gained advanced technological expertise in forging, metal forming, close-tolerance machining, heat treatment, and surface finishing.
