As the diverse auto parts corporation aims to treble its revenue by FY27, Talbros Automotive Components Ltd. proposes a capex of 205 crore over the following 3–4 years in boosting capabilities across its divisions.
The company received multi-year orders worth more over $1 billion in FY23 from local and foreign clients for all of its product categories, joint ventures, and business divisions. These contracts, which include the company’s product lines such as gaskets, heat shields, forgings, and chassis, will be carried out over the following five years.
“The new orders will enable Talbros to expand market share by serving both existing and new customers across different geographies,” Anuj Talwar, Joint Managing Director, Talbros Automotive Components Limited said.
The company plans to invest ₹50 crore in the gasket and heat shield business as the capacity utilisation has reached 85 per cent.
