Marelli Talbros Chassis Systems secures a Rs 1,000 crore, 8-year contract from a European OEM for suspension arms supply.
Talbros Automotive Components' joint venture, Marelli Talbros Chassis Systems (MTCS), has secured a Rs 1,000 crore multi-year contract from a European OEM for the supply of suspension arms for both ICE and EV platforms. The contract, set to execute over 8 years, will involve production at MTCS' Pune plant, with an expected capex investment of Rs 65 crore in FY25. This win adds a new European customer for TACL and is expected to boost the company's market share in the region, opening up new growth opportunities with existing and new OEMs.
April 18, 2024
5 Articles