Talbros Automotive Components receives multi-year orders worth ~Rs. 580 crores

Talbros Automotive Components Limited has received new multi years orders worth ~Rs. 580 crores from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5 years commencing from FY25 onwards covering the company's product lines - gaskets, heat shields, forgings, chassis and rubber hoses.

- Orders received from a leading export OEM for Electric Vehicles (EV) for products such as EDS Brackets, Transcradle Bracket, Mid-Metal Shield, S3 Pack and Battery Stampings for ~Rs. 270 crores over 5 years. This order is through the Joint Venture -Marelli Talbros Chassis Systems Pvt. Ltd.

- Received orders for Forgings products for applications such as transmission, engines, driveline and off-highway for ~Rs. 120 crores over 5 years.

- Received orders worth ~Rs. 75 crores for over 5 years for the heat shield products from multiple domestic OEMs. These order span across new technologies in the heatshield space.

- Received orders worth ~Rs. 40 crores for over 5 years for the gasket products from both domestic and export OEM customers.

- Received order of ~Rs. 75 crores over 5 years for a leading domestic OEM for products such as Muffler Hanger, Damper Front and Hose Canister Air Suction. This is through our Joint Venture - Talbros Marugo Rubber.

These orders will help the Company increase its share with existing customers and new customers across geographies which will help the Company grow and gain market share domestically and in the export market in the coming years. This is also lead to improving margins.

Source : Equity Bulls

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