Pritika Auto Industries Limited announced the commencement of commercial production of new components after successful inspection and trials. These components include:
- Case (Hydraulic Cylinder)
- Bracket Top Link
- Block (Hydraulic)
- Tube Cylinder
Key Highlights:
- Business Value: The new orders are expected to generate an annual business value of Rs. 20 crore, with a long-term visibility projecting revenues of Rs. 80-100 crore over the next four to five years.
- Clients: The components are being manufactured for a leading multinational tractor manufacturer in India.
- Expansion Plans: Pritika Auto has issued right shares worth Rs. 49.90 crore to fund its expansion and plans to reduce debt in the near future.
About the Company:
Pritika Auto Industries is a leading manufacturer of precision machined components for tractors and heavy commercial vehicles. Its major clients include:
- Escorts Kubota
- Mahindra & Mahindra
- Swaraj Engines
- CNH Industrial (New Holland Tractors)
The company, celebrating its Golden Jubilee, remains optimistic about double-digit growth in the tractor industry during H2 FY25 as per OEM insights.
Disclaimer:
The information provided includes forward-looking statements subject to risks and uncertainties, and the company holds no obligation to update them.
