Happy Forgings has announced the receipt of a significant order for the supply of crankshafts to a leading Indian passenger vehicle manufacturer. This order reinforces Happy Forgings’ strong foothold in the automotive components sector and reflects its commitment to delivering high-quality solutions.
Key Details of the Order:
- Awarding Entity: A domestic Indian passenger vehicle manufacturer.
- Order Description: Supply of crankshafts for passenger vehicles.
- Order Duration: The order will be executed over six years, spanning FY26 to FY31.
- Order Value: ₹140 crore, with peak annual revenues projected at ₹27 crore under the current contract.
- Growth Potential: Depending on vehicle sales, future supply volumes could increase significantly, potentially driving peak annual revenues to over ₹50 crore starting FY28.
The contract highlights Happy Forgings’ ability to cater to the high-volume and quality-driven demands of the domestic automotive industry.
