Supplies for the multi-year contract will begin in Q1 FY2022.
06 Feb 2021 | 15124 Views | By Shahkar Abidi
Marelli Talbros Chassis Systems, a joint venture company between Sistemi Sospensioni SPA of Italy and Gurgaon-based Talbros Automotive Components, has received a multi-year order from a large European car manufacturer. The order, which is for supply of BIW (Body in White) parts is estimated to be worth Rs 92 crore.
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Marelli Talbros Chassis Systems, a joint venture company between Sistemi Sospensioni SPA of Italy and Gurgaon-based Talbros Automotive Components, has received a multi-year order from a large European car manufacturer. The order, which is for supply of BIW (Body in White) parts is estimated to be worth Rs 92 crore.
As per the company management, the order supplies will begin in Q1 FY2022 from Marelli Talbros Chassis Systems’ plant in Pune. No major investments are required to be made specific to the fulfilment of this order, the company added.
Marelli Talbros Chassis Systems designs, develops and manufactures chassis components including control arm, steering knuckle, front cross member, rear twist beam axle, wheel group and semi corner module assemblies for automotive application
Talbros Automotive Components (TACL), a well-diversified supplier, has a strong presence across the two-wheeler, passenger vehicle, commercial vehicle and farm equipment segments. It primarily manufactures gaskets, forgings, suspension systems, anti-vibration products and hoses. With around 40 percent of its revenue coming from its top five clients, the company holds around 40 percent market share in gaskets, claimed to be nearly three times that of its nearest competitor.
TACL’s total income from operations during Q3 FY2021 was Rs 132.1 crore, up 35.6 percent over the Rs. 97.4 crore in Q3 FY2020. Consequently, the company reported EBITDA of Rs 21.1 crore compared to Rs 11.7 crore a year ago.
Commenting on the performance Anuj Talwar, joint MD, TACL said, “We had started off the year at lower pace amidst the pandemic. In the third quarter, we have achieved highest ever revenue numbers with over 35 percent growth YoY and remarkable EBITDA margins despite rollback of certain costs. We have grown faster than the industry. From 20 percent exports in FY2020, we have reached 24 percent level in the current fiscal. We aim to increase export to 30 percent in the next five years.”