Larsen & Toubro bets on $1.5 billion return from EV push

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Key Points

L&T Technology Services Ltd., whose customers include BMW AG and Airbus SE, wants to accelerate growth after recording sales of $1 billion in the year through March, Chief Executive Officer Amit Chadha said in an interview...

Larsen & Toubro Ltd.s engineering services arm is ramping up investments in self-driving and electric vehicle technologies, betting on Indias appeal as a source of expertise for global manufacturers looking to expand in the field..

The company has set up design and engineering facilities for autonomous and EV technologies in Indias Bengaluru, Munich, and Peoria, Illinois, over the past three years to get closer to vehicle makers..

Apart from the bet on the transport segment, L&T Technology Services is investing in areas such as medtech, 5G and sustainability, Chadha said..

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