Eaton expects its electric mobility business to become the new driving force going forward. Shailendra Shukla, Managing Director, Vehicle Group, Eaton India told Autocar Professional that e-mobility will now see greater focus keeping in line with shift in demand. "We are treating it separately as we want to make it big," he said.
Shukla, who took charge of the vehicle division in early 2021, is responsible for leading this business in India along with overseeing operations, sales performance, market development, customer management, partner relationships, new product launches and leadership development.
From his point of view, it is a no-brainer that the automotive ecosystem worldwide, including Eaton, is transitioning towards a greater focus on EVs. "We also have significant businesses to cater to in Europe, China and North America. We do not want to lose our standing in current business while looking to grow in EVs," said Shukla.
It was during the pandemic when the Eaton leadership team decided to do some serious introspection on its strength and weakness especially at a time of mobility disruption happening in new areas like electric. Following this up, the company acquired the US-based Royal Power Solution for $600 million in January this year.
The company makes high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets. Prior to this, In March 2021, Eaton acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software based in Switzerland for $106 million.
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