Pritika Auto Industries Starts Commercial Production of New Components, Securing Rs. 2.50 Crores Annual Business

Pritika Auto Industries Ltd, a leading manufacturer of precision machined components for tractors and Heavy Commercial Vehicles in India, has announced the start of commercial production of new components for a leading multinational Tractor Manufacturer in India. The components, including Differential Housing Assembly, Front Cover CCF, and Link Top Link Crank, are expected to generate approximately Rs. 2.50 Crores per annum. These orders have a long-term visibility of over four to five years. The company has also recently announced the issuance of right shares to fund its expansion plans and reduce its debt. The tractor industry is expected to grow in double digits in H2FY25.