Pritika Auto Industries Limited, a prominent North India-based manufacturer of precision machined components for tractors and heavy commercial vehicles, announced the commencement of commercial production for new components. This significant milestone comes after successful inspections and trials by a leading multinational tractor manufacturer.
Key Highlights:
- New Components in Production:
- Differential Housing Assembly
- Front Cover CCF
- Link Top Link Crank
- Business Value and Visibility:
- Annual business value: ₹2.50 crore
- Long-term visibility: Orders span the next 4–5 years
- Strategic Growth Initiatives:
- Ongoing expansion of plants funded through a preferential issue of equity shares.
- Planned reduction of debt in alignment with financial goals.
- Recently announced a rights issue aggregating ₹49.90 crore to support expansion.
- Industry Outlook:
- Tractor OEMs project double-digit growth for the tractor industry in H2FY25, providing optimism for sustained demand.
About Pritika Auto Industries:
The company, celebrating its Golden Jubilee year, has built long-standing relationships with top OEM clients like Escorts Kubota, Mahindra & Mahindra, and Ashok Leyland. With a PAN-India presence, the firm continues to play a vital role in India’s heavy vehicle and tractor sectors.
