L&T EPS Mobility Electric Vehicle Traction Motors Order Marks EV Expansion

L&T EPS Mobility Secures First Electric Vehicle Traction Motor Contract

L&T EPS Mobility electric vehicle traction motors have marked the company's first commercial mobility contract, with an order for five lakh motors from an unnamed two-wheeler manufacturer. The order will be delivered over three years, with pilot production planned at Coimbatore in August and series production beginning in September. Prashant Chiranjive Jain, Managing Director of L&T Vyoma and head of the Electronic Products and Systems division, confirmed that the contract has already been booked.

The contract represents approximately 1.67 lakh motors annually and targets a rapidly growing electric two-wheeler market in India. The country recorded 2.14 crore two-wheeler sales in FY26, with electric models accounting for 6.54 percent, according to registration data compiled by the Federation of Automobile Dealers Associations. This places the single buyer's requirement close to one-eighth of the electric two-wheeler segment volume, highlighting the scale opportunity for domestic EV component suppliers.

Several major electric vehicle manufacturers currently maintain internal motor and controller development capabilities. Ola Electric and Ather Energy follow vertical integration strategies, while TVS Motor Company and Bajaj Auto operate with established supplier ecosystems. L&T believes startups and conventional manufacturers entering electrification require customised solutions that global suppliers may not always provide for Indian operating conditions.

L&T plans to expand beyond electric two-wheelers by offering traction motors ranging from 8 kilowatt to 200 kilowatt and 48 volt to 800 volt architectures. The company aims to supply electric three-wheelers, passenger cars, trucks and buses in future programs. Three-wheelers remain India's most electrified vehicle category, with electric vehicles accounting for 60.95 percent of 13.63 lakh units sold in FY26, although the segment faces pricing pressure due to established low-cost motor suppliers.

The company is positioning itself as a technology-focused Indian tier-one supplier for electric mobility applications. Sudeepth Puthumana, head of the mobility business at L&T Electronic Products and Systems, stated that India currently lacks a technology-driven tier-one supplier serving domestic customers and global markets. L&T believes its opportunity lies in supporting startups and vehicle manufacturers that require specialised electric powertrain solutions designed for Indian market conditions.

The domestic EV component landscape is also attracting partnerships between established players. In March, Bosch Limited and Tata AutoComp Systems announced a 50:50 joint venture focused on engineering, manufacturing and selling electric axles and traction motors in India. This development reflects increasing competition among global and domestic suppliers seeking growth opportunities in electric vehicle powertrain technologies.

L&T has adopted a technology licensing approach through an agreement with EVR Motors of Israel. The licensed motor design uses a trapezoidal stator technology aimed at increasing torque density while reducing magnet requirements. The company stated that 98 percent of components and approximately 70 percent of value are localised, although high-performance variants continue to use imported rare earth magnets that are not covered by export controls.

The Coimbatore manufacturing facility operates on a 40-acre campus undergoing expansion, with a second phase expected within 10 months and full production capacity targeted by March 2027. L&T has approved around ₹5,000 crore over five years for its Electronic Products and Systems division, covering mobility, power electronics, robotics, electronics manufacturing services and defence electronics. The investment is expected to generate more than 5,000 direct and indirect employment opportunities.

L&T is targeting 10 to 15 percent of India's industrial electronics market, which it estimates at $2 billion currently and expects to reach $4.85 billion by 2031. The Electronic Products and Systems division has an order book close to $1 billion, primarily supported by defence electronics and battery storage businesses rather than mobility operations. The traction motor contract represents an important step toward building a broader electric mobility manufacturing portfolio.

Frequently Asked Questions

What is the L&T EPS Mobility electric vehicle traction motors contract?
The L&T EPS Mobility electric vehicle traction motors contract is the company's first commercial mobility order for five lakh motors supplied to an unnamed two-wheeler manufacturer over three years. The program includes pilot production in August and series production from September at Coimbatore. The motors cover multiple voltage and power ranges, supporting future applications across electric two-wheelers, three-wheelers, passenger cars, trucks and buses as L&T expands its EV component business.