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Talbros wins multiyear orders.


Date: 09-03-2021
Subject: Talbros wins multiyear orders
CHENNAI: As the world economy limps back to normalcy, the auto component industry is back to getting long-term export orders.

Auto parts maker Talbros Automotive Components along with its JV partners has won multiyear orders worth Rs 304 crore. These orders are spread across its domestic and international customers. 

These orders will be implemented over a period of five years starting in current fiscal year. A major chunk of the orders is distributed between 2023 and 2025. 

The orders cover 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 crore 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 a 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 are leading us to develop our business and we continue to expand domestically and internationally at this pace in the coming future.” 

Source:-timesofindia.indiatimes.com

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