Joint Venture29 Nov 2024, 07:37 pm
RACL Geartech Secures Significant Partnership with BMW AG for Electric Sports Car Components, Estimated Revenue of Rs. 520 Crores
AI Summary
RACL Geartech Ltd has secured nominations from BMW AG for contributions to the development of components of electric sports car. This partnership is expected to generate significant business revenue, with an estimated total of Rs. 520 Crores in revenue over its lifetime. The peak annual revenue is projected to reach Rs. 130 Crores by 2029. This collaboration marks a significant milestone for RACL, reinforcing their long-term growth prospects and leadership in the evolving field of e-mobility. The entire production will be running on green electric energy, thus having minimal carbon footprints.
Key Highlights
- RACL Geartech secures nominations from BMW AG for electric sports car components
- Expected to generate significant business revenue over its lifetime
- Peak annual revenue projected to reach Rs. 130 Crores by 2029
- Reinforces RACL's long-term growth prospects and leadership in e-mobility
- Production to run on green electric energy with minimal carbon footprints