Talbros Automotive Components has received an order under the forgings division, for supply of parts to Dana Spicer India, a tier-1 supplier to prominent commercial vehicle players in the country.
The components are heavier in nature and will require an installation of a higher tonnage press. The production will commence from the first quarter of FY2019.
The estimated revenues from the same is about Rs 35 crore per annum.
The new equipment will add to the manufacturing capability and allow the company to supply heavier components, including 3 Cylinder Crank Shaft for 4 wheelers and Stub Axle for LCV.
According to ET Auto, commenting on the orders, Anuj Talwar, joint managing director, Talbros Automotive Components, said: “This order is a proud moment for the group as we have a new customer relationship, and strengthening of this relationship will accelerate the growth of the company.”
“This order is a further validation of our technical and product development expertise. This is in line with our vision to move up the value chain and supply heavier parts,” he added.
The unrelenting focuses on product development, order fulfillment, and strong relationships have helped the company in expanding the order book and establishing it as prominent automotive components supplier.
“We are clearly focused on enhancing our internal efficiencies and leverage on our technological know-how to supply best in class products to our customers,” Talwar said.