Magnetti Marelli Talbros Bagged Orders From Various Customers
Magneti Marelli Talbros Chassis Systems Private Limited, a 50:50 joint venture between Talbros Automotive Components Limited and Magnetti Marelli S.P.A (Milano), has received an order to supply Control Arm Assemblies for Front Suspension for the new generation Maruti Suzuki vehicle. The production is likely to commence from August 2019.
The order spans for the life of the model and estimated revenue from the same is about INR 240 million per annum.
The joint venture will not have to incur any significant investments to cater to the order. This order will, therefore, provide operating leverage and enhance the profitability of the company.
At the same time, our efforts and endeavour to penetrate global OEM markets have started paying dividends for the Gaskets division as well. Gaskets division has received orders from Cummins - USA & UK, and Zetor Tractors - Czech Republic. In addition to the above orders, the Gaskets division has also secured an order from a non-automotive conglomerate in Austria. The supplies for the same will commence in H2 FY19.
Commenting on the orders Mr Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said"Our unrelenting focus on product development, order fulfilment and strong relationships have helped us expand our order book.We are clearly focused on enhancing our internal efficiencies and leverage on our technological know-how to supply best in class products to our customers. The new customer additions are the validation of our capabilities. The cost reduction activities undertaken will help us further enhance our profitability."
- Bagged By:
- Industry:Transport Equipment
- Published On:2018-01-31