Godrej Invests 2–3% Revenue in R&D to Support India's EV Growth
In response to a 28% year-on-year growth in EV sales this May and record annual sales of 1.96 million units in FY25, there's growing demand for specialized parts like battery boxes, engine components, and sheet metal parts. The Godrej tooling division has been adapting to this shift by focusing on high-precision dies and tooling systems, essential for the production of EV components.
To stay ahead of the curve, the company has invested 2–3% of its revenue in research and development and advanced machinery, aiming to improve manufacturing efficiency and reduce dependency on imports. Around 10–15% of the company's tooling business revenue over the past three years now comes from EV-related orders, showing the growing role of domestic suppliers in the clean mobility space.
Pankaj Abhyankar, Business Head, Tooling business of Godrej Enterprises Group, said, 'As EV manufacturers scale up production to meet growing consumer demand, they require tooling partners who understand both the technical complexities and the commercial imperatives of this rapidly evolving sector. India's EV transition is not just about vehicles, it's about building a resilient, self-reliant, and globally competitive ecosystem. At Godrej Enterprises Group, we are proud to be enabling this transformation through our precision engineering solutions. These world-class tooling systems help reduce dependence on imports while improving lead times, cost efficiency, and product reliability.'
The company is also looking to localize tools currently manufactured overseas, aiming to both reduce lead times and create new export opportunities. This push aligns with the Indian government's focus on 'Make in India' and import substitution, while also supporting the development of secondary markets for locally made tools.
By combining domestic manufacturing with global servicing capabilities, the Godrej Enterprises Group aims to position India as a reliable exporter of precision tooling solutions for the EV industry
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'My hope is that when I bring my dad back in, when my mom comes back in to dine as guests, they will be able to really sit and feel everything that they put into this restaurant and receive it back." This report by The Canadian Press was first published July 4, 2025. Rianna Lim, The Canadian Press Sign in to access your portfolio
