Ramkrishna Forgings bags Rs 70 crore order from US axle manufacturer

The company plans to increase its export sales

By Shahkar Abidi calendar 09 Mar 2022 Views icon7121 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ramkrishna Forgings bags Rs 70 crore order from US axle manufacturer

Ramkrishna Forgings Limited, a supplier of auto components has bagged orders worth around Rs 70 crore from a US-based axle manufacturer, the company informed in a regulatory filing. The company said the order is for a light commercial vehicle (LCV) and will be for a period of over five years. 

Milesh Gandhi, Vice President (Marketing), Ramkrishna Forgings said: “This significant recognition of our project in rear axle applications will help us to promote continued export revenue growth. Our on-going efforts to expand in the global market have assisted us in increasing our export sales and improving our relationships with global customers".

The company is looking to make further inroads  into the LCV market due to its better demand  predictability. Kolkata-based Ramkrishna Forgings counts some of the key OEMs as customers including Tata Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, DAF, Scania, MAN, UD Trucks and Ford Otosan in the overseas markets. The company also supplies globally to Tier 1 axle manufacturers like Dana, Meritor and American Axles. 

Meanwhile, the  company management during its Q3FY2022  investor call in January said it has received six contracts totalling  Rs 220 crore from across  various geographies and business verticals. 

 

RELATED ARTICLES
JSW MG Motor India confident of selling 1,000 M9 electric MPVs in first year

auther Autocar Professional Bureau calendar11 Jul 2025

The 5.2-metre-long, seven-seater luxury electric MPV, which will be locally assembled at the Halol plant in Gujarat, wil...

Modern Automotives targets 25% CAGR in forged components by FY2031, diversifies into e-3Ws

auther Autocar Professional Bureau calendar05 Jul 2025

The Tier-1 component supplier of forged components such as connecting rods, crankshafts, tie-rods, and fork bridges to l...

VinFast’s second plant in Vietnam goes on stream ahead of India factory

auther Autocar Professional Bureau calendar30 Jun 2025

Vietnamese EV maker’s second plant in its home market, which has a 200,000 EVs-per-annum capacity, will focus on produci...