Concentric AB is proud to announce an important new business nomination in the growing Indian market for electric commercial vehicles. The nomination is worth 70 MSEK over a contract period of 5 years, with production starting in 2025. Mature revenues will be c. 20 MSEK per year. Our market leading electric coolant pump has been selected by this OEM for a new battery electric bus platform, and we are confident that this nomination will be the foundation for a long-term collaboration, as this strategic customer is developing additional battery electric- and fuel cell powered bus platforms, to be launched in the coming years.
The motivation behind the decision of this strategic customer for this seal-less Concentric e-pump was made based on its proven durability in the global truck and bus market and the agile engineering support from the Concentric team. As a result, the customer will receive an exceptionally high-performance, durable product that meets their market needs today, and also covers their next generation developments.
“The new business nomination with this leading electric bus OEM in India is very important to Concentric and confirms the successful execution of two of our strategic development pillars – our electrification growth strategy and the geographical expansion plans in the fast-growing Indian market, where our group has had a strong manufacturing, sales and engineering presence for almost three decades,” says Martin Kunz, President & CEO Concentric AB.
For further information, please contact: Lynne McCarthy (Media Contact) at Tel: +44 121 445 6545 or E-mail: lynne.mccarthy@concentricab.com
Concentric AB is an innovator in flow control and fluid power, supplying proprietary systems and components to the world’s construction equipment, truck, agricultural machinery and industrial applications end-markets. The company has a global manufacturing presence including in the USA, Germany, UK, Sweden, India and China. Concentric’s focus is to develop world class technology with innovative solutions that meet the sustainability needs of our customers. Concentric offers engine products including lubricant, coolant and fuel pumps and hydraulic products encompassing gear pumps and power packs. Concentric also offers a range of products developed for the fast-growing electric and hybrid powertrain market including, electric water and oil pumps, electric fans, thermal management systems and electro hydraulic steering. In 2022, the Group had a turnover of MSEK 4,056 and circa 1,207 employees.
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