Ramkrishna Forgings lands €8.25m deal, targets South American automotive market

Ramkrishna Forgings Limited, a leading supplier of rolled, forged, and machined products, has announced a business contract worth €8.25 million (approximately INR 73.65 crores) with a prominent European OEM & Tier 1 supplier. This pivotal contract marks a significant milestone as the company aims to expand its presence in the lucrative South American automotive components market.

Under the terms of this multi-year agreement, Ramkrishna Forgings will be supplying front and rear axle components for the next five years, with an annual commitment of €1.65 million. The contract serves as a testament to the enduring partnership between the company and industry leaders, further solidifying its foothold in the South American region.

The deal highlights Ramkrishna Forgings’ dedication to technological advancement, precision engineering, and superior customer service in the automotive components space. The achievement not only emphasizes the company’s commitment to product quality and reliability but also establishes it as a key player in the South American automotive landscape.

Lalit Kumar Khetan, Whole Time Director & CFO of Ramkrishna Forgings Limited, said, “This contract is a significant step in our journey to diversify and expand our operations in the South American market. It not only showcases our prowess in delivering high-quality components but also signifies our commitment to fostering innovation and excellence. This partnership aims to drive impactful growth in the dynamic Brazilian market.”

With this new business contract, Ramkrishna Forgings not only fortifies its presence in the burgeoning South American market but also continues its tradition of delivering high-quality, innovative automotive components that drive performance and growth.