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 | 5481 Views | By Shahkar Abidi & Kiran Murali
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 ...
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