RACL Geartech Ltd nominated Tier 1 series supplier by German Premium Car manufacturer

RACL Geartech Ltd. has been nominated as Tier 1 series supplier, by a Premium Car manufacturer in Germany for supply of Parking Lock Mechanism for electric cars, which is a mechanical device coupled with Electric vehicle Drive train to prevent rollback of the vehicle while the vehicle is brought to a stop or it is in Parking mode.

It is our pleasure to share that RACL Geartech Limited will be manufacturing entire assembly of such product, which is a kind of diversification within our core competence of Precision machining & assembly.

The development process shall commence immediately & series production of this product is expected to commence from the FY 2026-27 onwards.

Shares of RACL Geartech Ltd was last trading in BSE at Rs. 1096.85 as compared to the previous close of Rs. 1095.75. The total number of shares traded during the day was 6885 in over 539 trades.

The stock hit an intraday high of Rs. 1109.45 and intraday low of 1070.00. The net turnover during the day was Rs. 7535047.00.

Source : Equity Bulls

Keywords

RACLGeartech INE704B01017 Tier1Supplier