Talbros Automotive Components along with its JV partners has won multiyear orders worth Rs 304 cr. These orders are spread across its domestic and international customers. The orders will be implemented over a period of 5 years starting from current fiscal year itself and major chunk of it distributed between 2023-2025.
The order covers company’s flagship products gaskets and forgings as well products from JVs Talbros Marugo Rubber and Magneti Marelli Talbros Chassis Systems.
The company would be required to undertake a capex of approximately Rs 20 cr which along with existing facilities would be sufficient to execute these orders.
Navin Juneja, director and group CFO, Talbros Automotive Components, said: “We continue building strong order book given our hedged product portfolio. These orders give us immense visibility for revenue and profitability in the coming financial years. Our technology spending and efficient utilization of our facilities is leading us to develop our business and we continue to expand domestically and internationally at this pace in the coming future.”