Comments
Talbros Automotive Components Ltd’s shares were up by 14.86 per cent after the company announced the receipt of multi-year orders amounting to approximately ₹580 crore from a mix of domestic and overseas clients. These orders cover various business divisions, product segments, and joint ventures, with a planned execution period extending over the next five years, starting from FY25.
A significant portion of these orders, approximately ₹270 crore, pertains to electric vehicle (EV) products and has been secured from a leading export OEM. This deal is facilitated through the Marelli Talbros Chassis Systems Pvt Ltd joint venture. Alongside the EV orders, additional commitments include orders for forgings, heat shields, and gasket products from diverse domestic and export OEM customers.
Talbros Automotive Components Ltd, established in 1956, is a flagship manufacturing company of the Talbros Group. The company specialises in automotive and industrial gaskets, chassis, rubber products, and forgings.
The shares were up by 14.86 per cent to ₹269.80 at 12 pm on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.