L&T Ventures into Industrial Electronics with New Vertical LTEPS
Larsen & Toubro has entered the B2B industrial electronics segment with the launch of L&T Electronic Products & Systems (LTEPS). Operations commence in Coimbatore, with headquarters in Bengaluru. LTEPS will offer electronics manufacturing services to Indian and global clients, focusing on areas like power electronics and industrial automation.
Entry into a new segment can lead to significant long-term growth, but the immediate financial impact is not quantifiable yet. It diversifies the company's business portfolio.
The company is expanding into a new, strategic business segment, which is viewed positively for future growth and technological advancement.
Larsen & Toubro Limited (L&T) has announced its entry into the business-to-business (B2B) industrial electronics space with the commencement of manufacturing operations at its Coimbatore campus in Tamil Nadu. The new business vertical, named L&T Electronic Products & Systems (LTEPS), will be headquartered in Bengaluru, with manufacturing based in Coimbatore.
Initially, two manufacturing lines have been commissioned, offering electronics manufacturing services to both domestic and international clients. L&T Chairman & Managing Director S N Subrahmanyan stated that this move aligns with their Lakshya 2031 aspiration to deepen technology leadership and enhance India’s self-reliance in critical manufacturing. LTEPS aims to bolster the nation’s electronics manufacturing ecosystem and expand L&T’s presence in high-growth, innovation-driven domains.
Building on its expertise in Strategic Electronics, LTEPS will extend its capabilities to the development and manufacture of industrial electronic products and systems across various domains, including power electronics, mobility, industrial robotics & automation, communication platforms, and electronics systems design & manufacturing (ESDM). The vertical will utilize a blended approach of in-house R&D, technology partnerships, and advanced testing infrastructure.
Future expansion plans for LTEPS include developing a 40-acre zone within the Coimbatore campus to cover the entire industrial electronics value chain, encompassing R&D, in-house product development, ESDM, contract manufacturing, design and engineering support, sourcing, testing, and validation services.
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