Interview: ITT Inc. on growth strategy amid electrification transition
Q&A interview with Luca Martinotto, general manager, ITT Motion Technologies’ Friction business on balancing R&D and investment in terms of ICE vehicles versus EVs, expanding product portfolio to cater to the green transition, dealing with tightening environmental laws and more.
For automotive players, planning for the transition to electrification is complex. First, they must retain a grip on their market share by developing solutions for electric vehicle applications and yet, they must continue to innovate with combustion vehicle components as many vehicles in the fleet will continue to have an internal combustion engine (ICE) after 2035. The Motion Technologies Value Center of US-based ITT Inc., a manufacturer of critical components for the transportation, industrial and energy markets is looking to defend its market leadership position by developing solutions specifically for EVs when it comes to its original equipment (OE) Brake Pad business, Luca Martinotto, general manager of ITT Motion Technologies’ Friction business told S&P Global Mobility in an interview.