Precision developing retrofit kits for LCV trucks
The management says it is in talks with prospective customers from the e-commerce, logistics and retail sectors.
Solapur - Solapur-based Precision Camshafts Limited (PCL)1 developing retro kits for India’s sub-three tonne segment (Leyland Dost, Tata Ace, and the Suzuki Super Carry) towards retro fitment of electric vehicles.
PCL is considering setting up a plant in Pune or may just establish one in Solapur initially. The entire process is expected to last for about three months, with the company hoping to roll out its retrofitted vehicles by the end of 2022 itself. The management says it is in talks with prospective customers from the e-commerce, logistics and retail sectors.
PCL provides two options for conversion deals – one in which the owner hands over the fleet to the company for conversion, and in the second option, PCL is considering purchase either used or new LCVs on fleet owner's behalf and retrofitting it with an electric system.
In 2020, Precision Camshafts bought full share of Netherlands-based Emoss Mobile Systems B.V (supplier of fully electric and hybrid powertrains) targeting Electric vehicle markets.
1Precision camshafts Limited incorporated in 1992, product portfolio includes more than 150 different types of camshafts, primarily to the passenger vehicle segment, and has a capacity of 11 million units per annum for its cam shafts castings, and another 4 million units per annum for its machined camshafts capacity. Almost 65 percent of the total output gets dispatched to more than 17 different countries around the world, even as the company continues to enter into new markets through organic growth and even by acquisitions.
