Deals20 Nov 2023, 02:12 pm
Talbros Automotive Components Limited Receives Multi-Year Orders Worth Rs. 580 Crores
AI Summary
Talbros Automotive Components Limited has received multi-year orders worth Rs. 580 crores from both domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5 years commencing from FY25 onwards covering the company's product lines - gaskets, heat shields, forgings, chassis and rubber hoses. The orders include export orders of Rs. 415 crores and multiple EV orders for Rs. 270 crores from leading OEMs.,
Key Highlights
- Received multi-year orders worth Rs. 580 crores
- Includes export orders of Rs. 415 crores and multiple EV orders for Rs. 270 crores
- Orders to be executed over next 5 years commencing from FY25 onwards
- Covers product lines - gaskets, heat shields, forgings, chassis and rubber hoses
- Expected to improve margins and increase market share