Pricol has announced plans to invest in the range of Rs 200-220 crore in capital expenditure for FY25 to expand its production capacities across various product lines.

“Our capacity utilisation is currently hitting almost 85 per cent. Hence, we are now enhancing capacity and undertaking capex at our new plants in Pune, and upgrading our facilities in Coimbatore and Manesar,” said Vikram Mohan, Managing Director of Pricol, during the Q4FY24 earnings call.

The company had previously indicated a total capex of Rs 600 crore over three years (FY23-25) for organic growth.

The proposed capex for FY25 will focus on expanding capacities in product verticals such as digital instrument clusters and PCB manufacturing.

Pricol’s market share in instrument clusters has improved and is expected to expand further amid strong order wins, significantly boosting the company’s topline.