Talbros Automotive Components Secures Rs. 1,000 Crore Contract from European OEM

Talbros Automotive Components Limited (TACL) has announced a multi-year contract worth approximately Rs. 1,000 crore from a leading European Original Equipment Manufacturer (OEM). The contract is for the supply of Suspension Arms for both conventional Internal Combustion Engine (ICE) vehicles and new age Electric Vehicles (EVs) in Europe and North America. The company's Joint Venture, Marelli Talbros Chassis Systems Private Limited (MTCS), will execute the orders over the next 8 years, with a planned investment of around Rs. 65 crores in FY25. This order adds a new customer for TACL in Europe and is expected to improve market share and open new growth opportunities in the region. Last year, TACL and its JV received orders worth around Rs. 1,400 crores, including Rs. 475 crores for the EV segment and Rs. 415 crores for exports.