Dhoot Transmission Eyes Growth Amid India's EV Transition
Dhoot Transmission Eyes Growth Amid India's EV Transition
IN · Published Aug 9, 2026
• Dhoot Transmission, an auto components manufacturer backed by Bain Capital, is preparing for an initial public offering (IPO) worth ₹1,400 crore. The company, based in Chhatrapati Sambhajinagar, specializes in wiring harnesses for automotive and industrial applications. It expects India's shift to electric vehicles (EVs) to be a major growth driver. The IPO will open on August 10, 2026, and close on August 12, with trading expected to begin on August
• Dhoot Transmission is also expanding its product portfolio to include EV-specific components like battery assemblies, onboard chargers, and DC-DC converters. The company reported an annual revenue of ₹4,530 crore in FY 2026, with Bajaj Auto contributing about one-third of this figure.

Impact & Risks

The transition to EVs in India is expected to significantly benefit Dhoot Transmission, as EVs require more wiring harnesses compared to internal combustion engine vehicles. However, the company faces risks such as market competition and the need for sustained capital investment, which has already reached ₹1,000 crore over the past five years. Maintaining profit margins, currently at 15%-16%, will be critical as the company scales up its operations.

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