Pritika Auto secures Rs 20 crore annual orders for new tractor components, projects Rs 100 crore revenue over five years

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

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Key Highlights:

  1. 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.
  2. Clients: The components are being manufactured for a leading multinational tractor manufacturer in India.
  3. 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.