Pritika Auto Industries, a leading producer of tractor components, announced the launch of production for a major multinational tractor brand. This partnership is expected to add approximately Rs 20 crore annually to the company’s order book.
The initial order includes essential components such as hydraulic cylinders, top link brackets, hydraulic blocks, and tube cylinders, marking a significant milestone in the company’s expansion strategy. This collaboration is forecast to generate a strong revenue stream, with an anticipated Rs 20 crore contribution annually. The long-term potential for this partnership is also promising, with a projected cumulative order value between Rs 80 crore and Rs 100 crore over the next 4-5 years.
Harpreet S Nibber, Managing Director of Pritika Auto Industries, expressed, “The commencement of production for this prominent order from a leading global tractor brand highlights our commitment to delivering top-quality, precision-engineered components that meet and exceed industry standards.”
Pritika Auto maintains a stable credit rating from CARE Ratings Ltd and has recently undertaken a rights issue of Rs 49.90 crore to fund its expansion and reduce debt. The company, known for manufacturing high-quality components for tractors and commercial vehicles, has established long-term relationships with major OEMs, including Escorts Kubota, TAFE Motors & Tractors, Mahindra & Mahindra, and Ashok Leyland.
Pritika Auto Industries is a leading manufacturer of precision-machined components and assemblies for the automotive and agricultural industries. With a strong focus on quality and innovation, the company specializes in producing a diverse range of products, including axle housings, wheel hubs, and hydraulic lift components, catering to renowned OEMs across India and internationally.
Leveraging its state-of-the-art manufacturing facilities and robust engineering capabilities, Pritika Auto Industries ensures high-performance solutions that meet global standards. The company’s commitment to sustainability and technological advancement has positioned it as a trusted partner in driving efficiency and excellence in the automotive sector.
