Shriram Piston & Rings Ltd has amended its Memorandum of Association (MOA) to broaden its business scope, marking a strategic expansion into electric vehicle (EV) technologies and advanced automotive components.
Expanded core business scope
The first amendment modifies the existing sub-clause under Clause III (A), thereby significantly expanding the company’s traditional product portfolio. The updated scope now includes the manufacturing of pistons, piston rings, cylinder liners, engine bearings, valve tappets, connecting rods, steering knuckles, gear assemblies, power take-offs and other engine and transmission components.
Additionally, the revised segment expands the range of end-use applications beyond traditional automobiles, trucks, tractors and motorcycles. The company can now also cater to sectors such as drones, lawnmowers, snowmobiles, submarines and aircraft, reflecting its broader mobility and industrial focus.
Entering Electric Vehicles and Powertrain Systems
The second amendment signals the formal entry of Shriram Piston into the electric vehicle supply chain. Under this segment, the company will be able to design, manufacture and supply traction motors including permanent magnet synchronous, axial flux, radial flux and combination flux motors.
Its scope includes the motor controller, DC-DC converter, battery management system (BMS), and the complete e-drive system. Additionally, the company will be able to develop precision-molded plastic and metal components used in vehicle interiors and exteriors, as well as radar and telematics units, infotainment systems, ADAS components, lidar and high pressure die casting (HPDC) parts.
OEM and jobbing business expansion
The third modification enables the company to perform OEM manufacturing and jobbing work on a wide range of automotive components. This includes axles, propeller shaft, universal joints, injection-molded parts, EV water pump, thermal cooling system and plastic fuel capture system.
The extended scope also includes automotive lighting solutions such as LED lights, ambient lighting, daytime running lights, charging indicators, illuminated grilles and lighted logos. Interior components such as capacitive touch panel, intelligent steering system, sun visor, headliner, door panels and parcel tray are also included.
With these amendments, Shriram Piston & Rings is positioning itself to diversify beyond traditional engine components and strengthen its presence in the growing EV and advanced mobility ecosystem.
