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Talbros Automotive zooms ~2.5% on securing multi year orders worth Rs400 crore

The order includes newly invested technologies such as heat shields, for which we have secured new domestic PV customers.

July 29, 2022 2:57 IST | India Infoline News Service
Talbros Automotive Components Limited has received new multi-year orders up to Rs400 crore from both domestic and international customers across all divisions and segments.

These orders will be fulfilled over the next 4-6 years, spanning the company's product lines of gaskets, heat shields, forgings, chassis, and rubber.

The order includes newly invested technologies such as heat shields, for which we have secured new domestic PV customers.

Furthermore, the Company has received orders from a new international customer, allowing it to enter the Agri, Construction, and Off-road segments.

For the leading established domestic OEM in the PV segment, the Electric Vehicle (EV) segment accounts for 18% of new orders.

These orders will enable the company to increase its market share among existing and new customers across geographies, allowing it to grow and gain market share in the coming years.

At around 3.00 PM, Talbros Automotive was trading at Rs510.10 up by Rs11.8 or 2.37% from its previous closing of Rs498.30 on the BSE. The scrip touched intraday high and low of Rs524.50 and Rs502.05 respectively.

For any queries related to the article, please contact: ankur.chandra@iifl.com 

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