Published On:November 28 2024
Story Viewed 678 Times
Talbros Automotive Secures ₹475 Crore in Multi-Year Orders.
Talbros Automotive Components Ltd (TACL) has announced securing multi-year orders worth approximately ₹475 crore from leading original equipment manufacturers (OEMs). The orders, which cover both domestic and export markets, are set to be executed over the next five years.
The order portfolio includes ₹345 crore in sealing business, with ₹245 crore allocated for heat shield products and ₹100 crore for gaskets. The company has particularly emphasized its export strategy, securing ₹131 crore in orders, primarily for the European market.
Additional orders include ₹35 crore for chassis components via its joint venture, Marelli Talbros Chassis Systems, ₹23 crore in forging business (including ₹14 crore in exports), and ₹70 crore for hoses and automotive components in the domestic market from a major passenger vehicle OEM.
Notably, ₹75 crore of the orders are for the electric vehicle (EV) segment, positioning Talbros strategically within emerging automotive technologies. These contracts are expected to enhance the company’s revenue visibility and profitability while leveraging its diverse manufacturing capabilities across various automotive product lines.
HBL