L&T bets Rs 5,000 crore on a new electronics business, targets $4.85 bn market

Larsen & Toubro is investing Rs 5,000 crore over five years in a new electronic products business. This new venture aims to expand manufacturing and research capabilities for future growth. The company expects its addressable market to more than double by 2031. Mobility will be a key growth pillar, developing electric vehicle components and systems. L&T will leverage technology partnerships before building proprietary products for markets.

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