Talbros Automotive Components Limited has announced that its forgings division has bagged an order for supply of parts to a large German Luxury Car manufacturer.
The order, which spans over a period of seven years, is expected to bring in a revenue of around Rs 175 crore to Talbros.
Talbros Automotive Components shares are up more than 7% at Rs 175 now.The stock hit a 52-week high of Rs 178.80 earlier in the session.
Talbros Automotive Components Limited, the flagship manufacturing company of the Talbros Group, has stated that it has enough capacities to cater to this order and no major investments will be needed to fulfil this order. Hence, the order is expected to provide operating leverage and enhance the profitability of the company.
Talbros Automotive Components Limited has 8 manufacturing facilitis at Haryana, Uttarkhand and Maharashtra. It has a materials division in Sohna Gurgaon and R&D technology center at Faridabad.
The company is a renowned name in Gaskets & Heat Shields, Forgings, Suspension Systems & Modules, Anti Vibration components and Hoses segments.
Talbros Group has strong partnerships formed with global giants. Notable among the joint venture partners are Nippon Leakless Corporation- Japan, Magneti Marelli- Italy, Marugo Rubber- Japan and technology partners are Sanwa Packaging – Japan and Interface Solutions – USA.
Among prominent customers of Talbros are, Bajaj Auto, Ashok Leyland, Eicher India, Force Motors, Escorts, Hero Motocorp, Honday, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Daimler India, Tata Motors, Simpsons and GE. The group has a robust distribution network in the aftermarket.
