Follow us
Setco’s Arduous Road To Recovery
After a steep decline, Setco Automotive is charting a bold comeback—revamping its core business, expanding into new markets, and redefining its role in India’s commercial vehicle landscape
03 Mar 2025
5348 Views
Share -
In fiscal year 2019, Setco Automotive stood at the summit of its industry, reporting a peak revenue of Rs 686 crore. As a dominant supplier of clutches to India’s medium- and heavy-commercial vehicle (M&HCV) market, the company seemed well-positioned for sustained growth. Yet, within two years, the ground beneath it had shifted dramatically. A confluence of regulatory shifts and economic disruptions sent the company into a downward spiral, cutting its revenues nearly in half.
The trouble began with a policy adjustment that, at first glance, appeared beneficial to the logistics sector. The Ministry of Road Transport & Highways revised axle-load ...
RELATED ARTICLES
The De-Risking Playbook: Inside Gestamp’s Aggressive OEM Diversification in India
Shahkar Abidi
11 Sep 2026
The Spanish tier-one opens a Rs 523.7-crore facility in Gujarat, seeking to insulate itself from customer concentration ...
Built for 30,000, Running at 6,000: Godrej's New Forklift Plant is Waiting for India to Catch Up
Shahkar Abidi
08 Sep 2026
The 63-year-old business has moved almost all production to a new plant and is already engineering sodium-ion batteries ...
KNR Hands Over a Transformed TVS Motor. What Next for Kargar?
Autocar Professional Bureau
30 Aug 2026
The incoming CEO inherits a stronger global business, growing positions in premium motorcycles and EVs, and the task of ...
