Dhoot Transmission to launch ₹3,067-crore IPO on August 10
Rahul Dhoot, its founder, says EV and traditional vehicles complement each others
Dhoot Transmission Ltd., an Aurangabad-based company, is set to launch a ₹3,067-crore IPO on August 10, with the aim of retiring existing debt, funding new manufacturing facilities, and pursuing general corporate purposes. The company's growth has outpaced the Indian two-wheeler industry, growing five-fold in revenues from ₹900 crore to ₹4,500 crore over the past seven years, despite the growth of electric vehicles (EVs) being less impactful than initially expected.
Dhoot Transmission holds a significant market share in the two-wheeler wiring harness segment and is expanding into passenger vehicles, commercial vehicles, and joint ventures with Israeli firm Ride Vision for two-wheeler ADAS technology.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
