Talbros Automotive zooms ~14% on winning orders worth ₹475 Crore

27 Nov 2024 , 01:51 PM

On Wednesday, November 27, shares of Talbros Automotive Components Ltd. were trading up as high as 14%. The business and its joint ventures secured orders worth ₹475 Crore for local and foreign markets from key OEMs.

These orders will be carried out throughout the next five years, the business stated in a regulatory statement today.

These orders include all of the company’s product lines, including gaskets, heat shields, forging components, chassis, and hoses.

Talbros Automotive has received orders worth ₹345 Crore, including ₹131 Crore in exports, mostly to Europe, from the sealing division for gaskets and heat shield products.

The heat shield category earned a total of ₹245 Crore from several OEMs. The remaining ₹100 Crore is for the gasket division. 

By growing shipments to Europe, the corporation expands its market share in that region.

Additionally, increasing exports are likely to boost total profits.

The company’s joint venture (Marelli Talbros Chassis Systems) has secured ₹35 Crore in orders for chassis components. The forging company has received orders of ₹23 Crore, including ₹14 Crore for export.

Talbros’ joint venture (Talbros Marugo Rubber) has won domestic orders worth ₹70 Crore for hoses and A/V items.

The launch of these items will begin in FY26. This order was obtained from one of India’s top PV OEMs.

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