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Auto Components & Equipments
Deals11 Nov 2024, 05:15 pm

Kranti Industries Strengthens Product Portfolio with New Agri Implements Order from CNH Industrial

AI Summary

Kranti Industries Limited, a prominent auto ancillary manufacturer, has received a Business Nomination Letter and a Purchase Order from CNH Industrial (India) Private Limited for the development and supply of three key product assemblies for their Agri Implements project. This strategic collaboration enhances Kranti Industries' position in the agricultural equipment sector, demonstrating its advanced manufacturing capabilities and reinforcing its reputation as a trusted partner. The order, valued at 383.12 lakh, includes the Knife, Arm HD, Frame Knotter Assembly, and Latch Assembly. Kranti's subsidiary, Preciso Metall Pvt. Ltd., will source raw castings, ensuring cost efficiency and quality control. Successful completion of this order will strengthen Kranti's standing in the domestic market and open doors for future prospects in the Agri Implements industry.

Key Highlights

  • Client: CNH Industrial (India) Private Limited
  • Order Value: 383.12 lakh, including tooling costs
  • Products: Knife, Arm HD, Frame Knotter Assembly, and Latch Assembly for Agri Implements
  • Subsidiary Involvement: Raw castings supplied by Preciso Metall Private Limited
  • The order aligns with Kranti's strategic goal of expanding into vital sectors and diversifying its business portfolio.
KRANTI
Auto Components & Equipments
Kranti Industries Ltd

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