Bain Capital-backed Dhoot Transmission bets on India EV shift to drive growth

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IPO-bound Dhoot Transmission expects India's shift to electric vehicles to be its biggest growth driver as it expands its EV-focused product portfolio and partnerships with automakers, CFO Nitin Kalani said. The company, which supplies wiring harnesses and derives about a third of its revenue from Bajaj Auto, is also adding battery assemblies, onboard chargers, DC-DC converters and charging guns.