Sundram Fasteners recognized by General Motors as 'Supplier of the Year'; Stock surges 2%

31 Mar 2022 , 10:51 AM

Sundram Fasteners Ltd (SFLS’s) Powertrain Components Division has been recognized as Supplier of the Year by General Motors (GM) under its 30th Annual Supplier of the Year Awards. This is the ninth time the Chennai-based auto component major has received the coveted recognition, underscoring its consistent excellence in the quality and ability to meet global engineering benchmarks.

The reputed American automaker has honored 134 of its suppliers from 16 countries with supplier of the year distinction in 2021.

At around 10:50 AM, Sundram Fasteners was trading at Rs928.50 apiece up by Rs17.7 or 1.94% on the BSE.