Talbros Automotive Components wins orders worth Rs 580cr for various auto products
Talbros Automotive Components Limited has announced a significant boost in its business operations, having secured new multi-year orders worth approximately Rs. 580 crores. These orders, from both domestic and overseas customers, span across the company’s diverse business divisions, product segments, and joint ventures (JVs). They are scheduled for execution over the next five years, starting from the financial year 2025 onwards.
Diverse Product Orders and Joint Ventures
The orders encompass various product lines, including gaskets, heat shields, forgings, chassis, and rubber hoses. A notable order includes products like EDS Brackets, Transcradle Bracket, Mid-Metal Shield, S3 Pack, and Battery Stampings from a leading export OEM for Electric Vehicles (EVs), totaling around Rs. 270 crores. This order comes through the Joint Venture – Marelli Talbros Chassis Systems Pvt. Ltd.
In addition, Talbros Automotive has received orders for its Forgings products, used in transmissions, engines, drivelines, and off-highway applications, valued at approximately Rs. 120 crores. Heat shield products, incorporating new technologies, have also garnered orders worth around Rs. 75 crores from multiple domestic OEMs.
The company’s gasket products have attracted orders worth about Rs. 40 crores from both domestic and export OEM customers. Another significant order, worth around Rs. 75 crores, comes from a leading domestic OEM for products like Muffler Hanger, Damper Front, and Hose Canister Air Suction, facilitated through the Joint Venture – Talbros Marugo Rubber.
Implications for Market Share and Growth
These new orders represent a substantial opportunity for Talbros Automotive to increase its share with existing and new customers across geographies. This development is expected to contribute significantly to the company’s growth and market share, both domestically and in the export market in the coming years. Moreover, the diversity of these orders across product lines and technologies also hints at an improvement in margins for Talbros Automotive.
Strengthening Position in Automotive Components Sector
The acquisition of these multi-year orders by Talbros Automotive Components Limited underscores the company’s strengthening position in the automotive components sector. It reflects the growing demand for advanced auto components in the EV segment and traditional vehicle markets, marking a pivotal moment in the company’s growth trajectory.