Talbros Automotive, JV partners bag multi-year Rs 300 crore business

by Autocar Pro News Desk , 08 Mar 2021

Talbros Automotive Components along with its JV partners has won multiyear orders worth around Rs 304 crore. These orders are spread across its domestic and international customers.

The supplier says the orders will be implemented over a period of 5 years starting from the current fiscal with a major chunk of it distributed between 2023-2025. The order covers the company’s flagship products gaskets and forgings as well products from JVs Talbros Marugo Rubber and Magneti Marelli Talbros Chassis Systems.

The company will be required to undertake a Capex of approximately Rs 20 crore which along with existing facilities would be sufficient to execute these orders.

Commenting on the order win Navin Juneja, director and group CFO, Talbros Automotive Components said: “We continue building strong order book given our hedged product portfolio. These orders give us immense visibility for revenue and profitability in the coming financial years. Our technology spending and efficient utilization of our facilities is leading us to develop our business and we continue to expand domestically and internationally at this pace in the coming future.”

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