Deals9 Aug 2024, 11:40 pm
Divgi TorqTransfer Systems Wins Order for Transfer Case Business from Prominent Indian Automotive Player
AI Summary
Divgi TorqTransfer Systems Limited has received order confirmations for its transfer case business from an existing large Indian automotive OEM. The order is centred on the supply of a transfer case design tailored for a commercial pick up truck product for international markets. The multi-year contract is valued at approximately Rs. 800 crores lifecycle revenue. These orders are to be executed over a period of 7 years commencing from H2FY27 after product validation and approval. The Company had also received orders to the tune of Rs. 200 crores from two marquee North American manufacturers of automotive transmissions for precision forged and machined components for passenger and light commercial vehicles.
Key Highlights
- Divgi TorqTransfer Systems Limited wins order from Prominent Indian Automotive player for transfer case business
- Order valued at approximately Rs. 800 crores lifecycle revenue
- Multi-year contract to be executed over a period of 7 years
- Orders received from two marquee North American manufacturers
- Company committed to grow on a sustainable basis through increased product offerings and improved market share