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Private Sector | Not Classified - Multi Country | PID: 191960
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Lapp Mobility, a 100 percent subsidiary of Lapp Group of Germany, has initiated talks with India OEMs and charging infrastructure providers to explore the possibility of entering the Indian market.
The company is evaluating the prospects of laying a distribution channel along with Lapp India which has been manufacturing and selling power cables in India for decades.
To begin with, the company plans to supply to India from its factory in Germany and if volumes pick up, they may consider setting up a manufacturing unit in India.
As per Lapp Group’s strategic initiative, mobility services is expected to add to its growth in the next five years. The company has two products, one a cable for charging EVs at public charging stations and a cable that one carries in the car that can be plugged into a regular outlet during emergency.
| Updated on: 14 - Feb - 2020
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