Pritika Group begins commercial production of new components

Pritika Group, one of the North India based leading manufacturers of precision machined components for the tractor and Heavy Commercial Vehicles in India announced the start of commercial production of the ordered components from a leading multinational Tractor Manufacturer in India after successful completion of inspection and trials at the customer end.

- TBG NETWORK

The components include - Hydraulic Lift Housing and Axle Housing. The total business value of the above said component will be approximately Rs.18.00 crores per annum. At the same time, these orders have a long term visibility spanning to over next four to five years. Total value for the span of five years comes to around Rs. 90 crore.

Pritika Engineering Components Limited is a subsidiary of Pritika Auto Industries Ltd. which holds 70.81% stake. The Pritika Group is celebrating its Golden Jubilee (50 years) this year. CARE Ratings Ltd. has reaffirmed Stable credit Rating for Pritika Auto Industries Ltd. and Pritika Engineering Components Ltd.

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