There will be space for stand alone auto component makers in the electric vehicle (EV) manufacturing space even though some manufacturers are vertically integrated, said a top official of Automotive Component Manufacturers Association of India (ACMA).
“Vertical integration will be a cycle. EV startups will begin doing everything in house. When they grow big they will farm out. There will be space for component players,” Sunjay Kapur, President of ACMA and Chairman of Sona Comstar told the media on Monday.
“The industry supplied Rs 3,520 crore worth of components to the EV makers which is about one per cent of the sales made to the OEMs (original equipment manufacturer), said Vinnie Mehta, Director General, ACMA.
