Talbros Automotive bags ₹475 crore in multi-year orders 

Anupama Ghosh Updated - November 27, 2024 at 03:59 PM.

The shares of Talbros Automotive Components Ltd (TACL) were trading at ₹334.10, up by ₹35 or 11.70 per cent on NSE

Talbros Automotive Components Ltd (TACL) has secured multi-year orders worth approximately ₹475 crore from leading original equipment manufacturers (OEMs), the company announced on Wednesday. The orders span domestic and export markets and are set to be executed over the next five years.

The shares of Talbros Automotive Components Ltd (TACL) were trading at ₹334.10, up by ₹35 or 11.70 per cent on the NSE at 12:28 pm.

The order portfolio includes ₹345 crore in sealing business orders, with ₹245 crore dedicated to heat shield products and ₹100 crore for gaskets. The company has particularly emphasized export expansion, securing ₹131 crore in export orders, primarily in Europe.

Additional orders include ₹35 crore for chassis components through its joint venture Marelli Talbros Chassis Systems, ₹23 crore in forging business orders (including ₹14 crore in exports), and ₹70 crore for hoses and automotive components in the domestic market from a major passenger vehicle OEM.

Notably, the order mix includes ₹75 crore specifically for the electric vehicle (EV) segment, signaling the company’s strategic positioning in emerging automotive technologies. The orders are expected to enhance TACL’s revenue visibility and profitability, reflecting its manufacturing capabilities across multiple automotive product lines.

Published on November 27, 2024 07:19

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