Estimated Reading Time: 1 minutes
Precision Camshaft (PCL), a Maharashtra based manufacturer of camshafts, is exploring opportunities to provide tailor-made electric vehicle solutions for the domestic market. For this, it is in talks with truck and bus makers for a tie-up. The company already provides camshafts to Hyundai, Maruti Suzuki, Volkswagen, Audi and Tata Motors in India and overseas. The rising EV boom is attracting the company to enter into it.
PCL recently acquired Emoss, a Dutch firm which specialises in retro fitment of electric drive systems onto fossil-fuel powered trucks or buses. Through this subsidiary in which it owns 51% stake, PCL is making the EV push. PCL is in talks with a few companies for exploring a partnership where they can provide the entire system such as battery kits, traction module, drivetrain, electrical systems and software which would replace the conventional engine and drivetrain.
PCL has plans to become an OEM of electric vehicles over the next 3-5 years wherein the company would source vehicle chassis from a manufacturer and mount the entire EV system before selling the final product in the market.