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Pritika Auto Industries Ltd has officially begun commercial production of two critical tractor components—the Hydraulic Lift Housing and Axle Housing—for a prominent multinational tractor manufacturer, the company announced recently . The new order, valued at approximately ₹18 crore annually, is part of a long-term contract expected to span four to five years.
This development comes as the tractor industry demonstrates potential for growth, with one major original equipment manufacturer (OEM) projecting double-digit expansion in the second half of fiscal year 2025.
Pritika Auto, celebrating its 50th anniversary, boasts a strong client portfolio that includes leading names like Escorts Kubota, Mahindra & Mahindra, Ashok Leyland, and CNH Industrial. Recently, the company raised capital through preferential and rights issues, securing ₹49.90 crore each from Pritika Auto Industries and its subsidiary, Pritika Engineering Components, to fund its expansion plans.
CARE Ratings has also maintained a stable credit rating for the company, affirming its financial stability. The new production order further strengthens Pritika’s position as a leading manufacturer of precision machined components in North India's automotive sector.
HBL
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