Godrej's Motor Solutions targets ₹1,000 crore revenue by FY28, ET Manufacturing
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The Motor Solutions business of Godrej Enterprises Group is aiming for a revenue of ₹1,000 crore by financial year 2028, with exports projected to contribute 20% of the total. The company expects to reach ₹750 crore in revenue by FY26, driven by increasing demand in the electric vehicle (EV), HVAC , pump, and actuator sectors across domestic and international markets.The company has announced a capital investment of ₹40 crore over the next three years to expand manufacturing capabilities and introduce new technologies in response to EV-related export demand.Xercsis Marker, Executive Vice President and Head of the Motor Solutions Business, stated: 'We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in technology and capacity to serve identified growth sectors like EV, automation, actuators, pumps, while advancing innovations in motor design to reduce reliance on rare-earth materials.'To meet growing demand, a new assembly line for EV motor components has been commissioned. The facility will also install a high-precision lamination punching line from AIDA Japan to support requirements for thin laminations used in EV, aerospace, and automation industries.Godrej holds a 60% market share in hermetic motors for refrigeration and air-conditioning in India.Recent developments include fully assembled motors for off-road EV applications catering to customers in the US, as well as upcoming manufacturing for a German group requiring compatible controller solutions. The business is also developing Switched Reluctance and Synchronous Reluctance Motors aimed at reducing rare earth magnet dependency while improving performance.The Pune-based facility has an annual production capacity of over six million motors and offers more than 300 customised SKUs for various industrial uses. The campus has certifications for environmental performance including IGBC Platinum and GreenCo Platinum Plus . It is water positive, recycles 80% of finished goods packaging, and operates with a zero-waste-to-landfill approach.Situated on a 36-acre manufacturing campus in Shindewadi, Pune, the unit benefits from a supply chain with most vendors located within a 100-kilometre radius. This regional sourcing is aligned with Pune's broader industrial ecosystem supporting India's automotive and manufacturing sectors.
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