Setco Automotive Limited, one of India’s largest manufacturers of medium and heavy commercial vehicle (MHCV) clutches, has achieved a significant milestone with its subsidiary, Lava Cast Pvt. Ltd., successfully exporting its first shipment of flywheels and covers to the United States. This marks a key step in Setco’s strategy to strengthen its presence in international markets.
The shipment includes high-quality flywheels designed for leading automotive and auto ancillary players in the US, along with covers tailored for aftermarket distributors and remanufacturers. This milestone highlights Lava Cast’s advanced manufacturing capabilities and underscores Setco’s commitment to providing innovative solutions to meet the needs of a global customer base.
The flywheels and covers were manufactured at Setco’s state-of-the-art Lava Cast facility, which is equipped with a fully automated production line. This setup ensures precision, consistency, and cost-efficiency, making Lava Cast a competitive player in global markets. The products reflect Setco’s focus on innovation and its ability to cater to both domestic and international customers with superior-quality components.
The US market presents significant growth opportunities, with exports offering higher margins compared to domestic sales. By leveraging the capabilities of Lava Cast, Setco plans to expand its global footprint further. The company aims to increase its international operations in clutches, flywheels, and castings, which are expected to contribute meaningfully to its overall revenue in the coming years.
Commenting on this achievement, Mr. Harish Sheth, Chairman and Managing Director of Setco Automotive, expressed optimism about the company’s future growth. He stated, “This recent export shipment is a testament to our strategic initiatives and relentless efforts over the past few years. The competitive edge of our Lava Cast products, coupled with the higher margins offered by export markets, positions us strongly for sustained growth. We are confident that this marks the beginning of a new chapter in our global journey.”
