Time Technoplast 's subsidiary, Power Build Batteries, has achieved a significant milestone in the electric vehicle (EV) component market. The company recently received approval from the International Centre for Automotive Technology (ICAT) for its e-rickshaw batteries, marking a step forward in its contribution to the growing EV sector in India.

Key Highlights

• ICAT Approval: Power Build Batteries, a subsidiary of Time Technoplast, has secured ICAT approval for its e-rickshaw batteries.
• Quality Standards: The approved batteries meet Original Equipment Manufacturer (OEM) standards, ensuring high quality and reliability.
• Revenue Projection: The company expects these batteries to generate revenue of ₹150.00 crore over the next three years.

Market Implications

The ICAT approval is a crucial development for Power Build Batteries, as it validates the quality and safety of their e-rickshaw batteries. This certification is likely to boost the company's credibility among e-rickshaw manufacturers and potentially lead to increased market share in the growing electric mobility sector.

Financial Outlook

Time Technoplast has provided a positive financial outlook for this product line:

This projected revenue stream could contribute significantly to Time Technoplast's overall financial performance in the coming years, particularly as the demand for electric vehicles and their components continues to rise in India.

Industry Context

The approval comes at a time when India is pushing for greater adoption of electric vehicles, with e-rickshaws playing a crucial role in last-mile connectivity in many urban and semi-urban areas. The availability of high-quality, OEM-standard batteries could accelerate the transition to electric mobility in the commercial transport sector.

As the e-mobility ecosystem in India continues to evolve, companies like Time Technoplast, through subsidiaries such as Power Build Batteries, are positioning themselves to capitalize on the growing demand for reliable and efficient EV components.

The successful development and approval of these batteries demonstrate Time Technoplast's commitment to innovation and its ability to adapt to changing market demands in the automotive and energy storage sectors.

Time Technoplast Limited , a leading manufacturer of advanced polymer products, has achieved a significant milestone in its expansion strategy. The company has successfully obtained a Bureau of Indian Standards (BIS) license for Polyethylene (PE) pipes under the IS 14885:2022 standard, enabling its entry into the gas distribution sector.

Key Highlights

• BIS License Obtained: Time Technoplast has secured the BIS license under IS 14885:2022 for manufacturing and selling PE pipes for gas distribution networks.
• Timely Achievement: The company has met its committed timeline of Q2 FY26 for this development, as outlined in their earlier communication.
• Strategic Expansion: This move allows Time Technoplast to enter the gas distribution sector, expanding its market presence in the polymer-based infrastructure segment.

PE Pipes: A Strategic Addition

The introduction of PE pipes for gas distribution offers several advantages:

• Lightweight design
• High durability
• Extended service life

These factors are expected to strengthen Time Technoplast's market position and contribute to sustainable infrastructure growth.

Market Outlook and Opportunities

Time Technoplast is well-positioned to capitalize on the growing PE pipe market in India:

• Market Projection: India's PE pipe market is forecasted to reach $13.7 billion by 2029.
• Growth Drivers: Urbanization, expanding gas networks, and increasing water management needs.
• Customer Base Expansion: The company aims to target over 20 public and private gas distribution companies, in addition to its existing EPC clients.
• Capacity Utilization: Time Technoplast anticipates enhanced capacity utilization with minimal investment, supporting a projected 30% growth in its PE pipe segment.

Alignment with National Initiatives

Time Technoplast's expansion into PE pipes for gas distribution aligns with several national infrastructure projects:

• Jal Jeevan Mission
• PM Ujjwala Yojana
• Smart Cities initiatives
• Road infrastructure projects (through metal-to-PE pipe replacement)

Company Background

Time Technoplast Limited is recognized for its innovative and sustainable solutions across various sectors, including industrial packaging, infrastructure, lifestyle, and automotive. The addition of PE pipes for gas distribution further solidifies the company's leadership in the polymer-based infrastructure segment.

This strategic move by Time Technoplast demonstrates the company's commitment to technological advancement, quality, and customer-centricity, positioning it to play a significant role in India's infrastructure development.