Jan 31: Magnetti Marelli Talbros Chassis Systems Pvt Ltd, a 50:50 JV between India’s leading gaskets manufacturer Talbros Automotive Components Ltd and Magnetti Marelli SPA (Milano), on Wednesday said that it has received an order to supply Control Arm Assemblies for front suspension for the new generation Maruti Suzuki vehicle.
According to the company, the order spans for the life of the model and estimated revenue from the same is about Rs 24 crore per annum. The production is likely to commence from August 2019.
“The JV will not have to incur any significant investments to cater to the order. This order will therefore provide operating leverage and enhance the profitability of the company,” the company said.
“At the same time, our efforts and endeavour to penetrate global OEM markets has started paying dividends for the Gaskets division as well. Gaskets division has received orders from Cummins-USA and UK and Zetor Tractors-Czech Republic. In addition to the above orders, the Gaskets division has also secured an order from a non-automotive conglomerate in Australia. The supplies for the same will commence in H2 FY19,” it added.
Commenting on the order win, Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Ltd, said, “our unrelenting focus on product development, order fulfilment and strong relationships have helped us expand our order book. We are clearly focused on enhancing our internal efficiencies and leverage on our technological know-how to supply best in class products to our customers. The new customer additions are validation of our capabilities. The cost reduction activities undertaken will help us further enhance our profitability.”