 "Eastman Auto & Power targets ₹10,000 crore turnover by 2025-26, driving growth through solar rooftop solutions and strategic leadership changes.")
Eastman Auto & Power Ltd, a provider of solar rooftop solutions, aims to reach a turnover of Rs 10,000 crore by 2025-26, significantly up from Rs 3,600 crore in 2023-24. The company plans to expand its renewable energy capacity while continuing to grow its Last Mile E-Mobility Solutions business. To support this ambitious goal, Eastman Auto & Power is investing in new manufacturing facilities for solar inverters and exploring technology partnerships for energy storage. Recent executive changes have been made to bolster its strategic direction, including the appointment of a new CFO and other key leadership roles. This commitment reflects the company’s dedication to sustainable and profitable growth in the renewable energy sector.
Eastman Auto & Power Ltd, a notable player in the solar rooftop solutions Market, has announced ambitious plans to reach a turnover of Rs 10,000 crore by the financial year 2025-26. This goal is set against a backdrop of rapid growth, as the company reported a turnover of approximately Rs 3,600 crore in 2023-24.
The company aims to achieve this target by expanding its renewable energy capabilities, particularly in the solar rooftop sector, while continuing to strengthen its core business of Last Mile E-Mobility Solutions. Eastman Auto & Power Managing Director Shekhar Singal emphasized that their strategy hinges on significant investments in advanced power electronics for solar inverters, partnerships in cutting-edge technologies, and innovations in energy storage solutions.
To support this ambitious growth plan, Eastman Auto & Power has made several key appointments in its leadership team. Ashok Jain will take on the role of Chief Finance Officer, while Mantosh Kumar will join as vice president of finance. Additionally, Ritesh Srivastava has been appointed vice president of Supply Chain Management, Bhupinder Singh as vice president of Exports, and Sudham Ravinutala as chief Marketing officer.
As the demand for sustainable energy solutions continues to rise, Eastman Auto & Power’s strategic developments may position them as a significant player in the evolving renewable energy landscape.
Tags: Eastman Auto & Power, solar energy, renewable energy, solar rooftop solutions, sustainable growth, energy storage, business news
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What is Eastman Auto & Power’s target turnover for FY 26?
Eastman Auto & Power aims to achieve a turnover of Rs 10,000 crores by the financial year 2026. -
Why is Eastman Auto & Power setting such a high target?
The company is focused on expanding its Market presence and increasing production to meet rising demand in the automotive and power sectors. -
How does Eastman Auto & Power plan to reach this target?
They plan to improve their manufacturing processes, expand their product range, and enhance their Marketing strategies. -
What products does Eastman Auto & Power offer?
Eastman Auto & Power offers a variety of products, including automotive batteries, electric vehicle components, and power storage solutions. - What challenges might Eastman Auto & Power face in reaching their goal?
The company might face challenges like competition, supply chain issues, and changes in Market demand, but they are prepared to tackle these challenges.
