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Pritika Auto Commences Manufacturing Tractor Components For International Brands

Published On Jan 25, 2025 08:39 PMBy Shristi Nagar

By starting to produce tractor parts for a global brand, Pritika Auto Industries expands its order book by Rs 20 crore a year. The cooperation is anticipated to generate a sizable revenue in the upcoming years.

Pritika Auto Begins Tractor Component Production

Key Highlights 

  • Pritika Auto Industries has started manufacturing components for a global tractor manufacturer.

  • Over the next 4–5 years, total revenue from this partnership could reach Rs 80–100 crore.

  • Pritika Auto raised Rs 49.90 crore via a rights issue to support development plans and debt reduction.

An important milestone in Pritika Auto Industries' development has been reached with the start of manufacturing for a global tractor manufacturer. This business is anticipated to increase its order book by Rs 20 crore a year, with a potential increase of Rs 80–100 crore over the following four to five years. Precision-engineered parts for the tractor and commercial vehicle industries are the company's area of expertise.

On Wednesday, Pritika Auto Industries, a manufacturer of tractor components, announced that it had begun manufacturing for a "multinational" tractor manufacturer. The business is anticipated to increase its current order book by about Rs 20 crore per year.

According to a statement, the first order, which includes essential parts like the case (hyd. cylinder), bracket top link, block (hyd), and tube cylinder, represents a significant turning point in Pritika Auto's strategic growth trajectory.

According To Pritika Auto

This new business venture is expected to generate significant revenue, adding an estimated Rs 20 crore a year to the company's current order book.

Furthermore, it stated that this relationship has a very bright future ahead of it, with a total order value expected to range between Rs 80 crore and Rs 100 crore over the next four to five years.

Harpreet S. Nibber, Managing Director of Pritika Auto Industries, stated, "The start of commercial production for this significant order from a leading tractor manufacturer is a testament to our unwavering commitment to deliver high-quality, precision-engineered components that exceed industry standards."

CARE Ratings Ltd. has given Pritika Auto a stable credit rating. The company recently raised up to Rs 49.90 crore through a rights issue to finance development plans and pay down debt.

The north Indian manufacturer of precision-engineered parts for the tractor and heavy commercial vehicle industries has a long history of working with major OEMs such as Ashok Leyland, TAFE Motors & Tractors, Mahindra & Mahindra, and Escorts Kubota.

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