Talbros up 5% on Rs 1000 crore order win from Europe

Shares of Talbros Automotive Components jumped 5% to hit the upper circuit limit of Rs 293 on Thursday after the company announced an order win from a large European OEM for a multi-year contract valued at approximately Rs 1,000 crore.

The order win is by TACL's Joint Venture Company, Marelli Talbros Chassis Systems Private Limited (MTCS).

The orders are to be executed over a period of 8 years commencing from Q4FY25.

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The company informs that the production for the same would be done from the Pune plant of MTCS for which a capex investment of Rs. 65 crores is envisaged in FY25.

“This order is centred on the supply of Suspension Arms tailored for both conventional Internal Combustion Engine (ICE) vehicles and new age Electric Vehicle (EV) platforms for EMEA and NAFTA regions,” states the filling to the exchanges.

The filing further read that this order will add a new customer for TACL group in Europe, which is a highly specialised market for automotive components which will in turn improve the market share in Europe and open new avenues of growth with existing and new OEMs in the region.

Last year, the company received orders worth Rs 980 crore across varied product segments in standalone and JV companies. Amongst these, orders worth Rs. 475 crore were for supply for the EV segment while orders worth Rs. 415 crore were related to exports, TACL reports.

Coupled with order wins in FY24, TACL anticipates continued momentum in business and profitability.

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