Talbros Automotive Components’ (TACL) Joint Venture Company (JV) -- Marelli Talbros Chassis Systems (MTCS) has secured order from a large European OEM for a multi-year contract valued at around Rs 1,000 crore. This order is to be executed over a period of next 8 years commencing from Q4FY25.
This order is centered 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.
The production for the same would be done from the Pune plant of MTCS for which a capex investment of around Rs 65 crore is envisaged in FY25. The investments would be done through internal accruals and debt. This order adds a new customer for TACL group in Europe, which is a highly specialized market for automotive components. This will further improve the market share in Europe and open new avenues of growth with existing and new OEMs in the region.
Talbros Automotive Components, the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK.
