Pritika Auto Industries Limited, a leading manufacturer of precision machined components based in North India, has proudly announced the commencement of commercial production for its new line of tractor components. This significant development is expected to add approximately ₹20 crore annually to the company’s order book, with a projected long-term business volume of ₹80–100 crore over the next four to five years.

Details of New Components

Following successful trials and inspections by a multinational tractor manufacturer, Pritika Auto has started producing the following components:

1. Case (Hydraulic Cylinder)
2. Bracket Top Link
3. Block (Hydraulic)
4. Tube Cylinder

The timely execution of this order underscores Pritika Auto's expertise in manufacturing high-quality components and its ability to meet stringent client requirements.

Strengthening OEM Collaborations

The company’s latest venture further solidifies its relationships with leading OEM clients, including:

• Mahindra & Mahindra Ltd.
• Escorts Kubota Ltd.
• Tractor & Farm Equipment Ltd. (TAFE)
• Ashok Leyland Ltd.
• Sonalika International Tractors Ltd.

With a pan-India presence, Pritika Auto continues to be a reliable partner for major players in the tractor and heavy commercial vehicle industries.

Industry Outlook and Expansion Plans

The tractor industry in India is poised for substantial growth, with a leading OEM forecasting double-digit growth in H2FY25. This positive outlook aligns with Pritika Auto's strategic plans to scale its operations. The company recently announced a ₹49.90 crore rights issue to fund its expansion and reduce debt, further reinforcing its financial stability and growth trajectory.

Celebrating 50 Years of Excellence

As part of its Golden Jubilee celebrations, Pritika Auto reflects on its five decades of innovation and customer-centric approach. The company’s robust portfolio and long-standing client relationships have been instrumental in achieving its growth milestones.

Credit Ratings and Financial Strength

The company’s CARE Ratings Ltd. reaffirmed Stable credit rating highlights its strong financial foundation. Pritika Auto’s strategic initiatives aim to leverage this stability to capitalize on emerging opportunities in the tractor and heavy commercial vehicle segments.

Green Shoots in the Tractor Industry

The Indian tractor industry has shown promising signs of recovery and growth. Leading OEMs have indicated that the second half of FY25 will witness robust performance, with demand fueled by improved rural sentiment and favorable government policies.

Disclaimer

Certain forward-looking statements in this document are subject to risks and uncertainties. Pritika Auto is committed to delivering on its promises but acknowledges the role of external factors that may impact actual results.

Explore More

For more Real-time Updates, Bookmark https://financesaathi.com

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.