Ramkrishna Forgings secures $14m rear axle and transmission components contract in North America

In a significant stride for its expansion in the North American market, Ramkrishna Forgings Limited has clinched a lucrative business contract worth $13.65 million annually. This monumental agreement centers on the production and supply of Rear Axle and Transmission Components specifically designed for Class 5, 6, and 7 vehicles.

This groundbreaking development amplifies Ramkrishna Forgings’ steadfast reputation in delivering top-tier components, essential for maximizing vehicle performance in this paramount market segment. Furthermore, this venture signals the company’s aggressive push into North America, solidifying its foothold, particularly within the burgeoning Light Vehicle sector.

Ramkrishna Forgings’ trajectory with such substantial business contracts highlights its unwavering commitment to not only meet but to surpass the dynamic demands of the North American automotive landscape. This recent accomplishment underscores the company’s prowess in cultivating potent partnerships and securing pivotal business endeavors.

Lalit Khetan, Whole Time Director and CFO of Ramkrishna Forgings, shared his insights on this monumental acquisition. He emphasized the company’s dedication to upholding excellence and its already robust presence in the North American region. With an optimistic view towards the future, Khetan expressed enthusiasm about the potential avenues this partnership would usher, especially within the Class 5, 6, and 7 vehicle segments. He believes that this business endeavor is indicative of their strategic focus on addressing the evolving market needs and their passion for propelling the industry with innovative solutions.