The aftermath of the pandemic, closed die forging provider, MM Forgings Ltd. is regaining traction. Confident of opening up new revenue streams with streamlined and well-oiled procedures and practices, it will leverage an in-sync human capital to realise its full potential. A testimony to efforts fructifying is the recent acknowledgement by Ashok Leyland who awarded the company with the 'Silver Award' in the Cost Category, in 2021. Its expansion spree is also evident from recent acquisitions like that of Cafoma Autoparts for an estimated valuation of Rs.33 crore known to include a rupees five crore subordinated debt. Averred Vidyashankar Krishnan, Managing Director, MM Forgings, "This second half should be much stronger than the first half and also with the likely pickup in the CV market. We should be doing close to around 65,000-tonne in volumes this year."
With cautious optimism, the company as per recent reports could realise a revenue stream of Rs.1,100 crore for FY2021-22 with an incremental hike in projections in the years thereafter. As per the company's investor conference call, the company hopes to increase volumes from 60-tonne to 80-85,000-tonne before scaling up to 1-1.2 lakh tonnes in FY2023-24. It is banking on sweating the new press lines in comparison to the old press lines. The company also hopes to benefit from the growing EV exposure and expectations of the domestic business contributing a higher degree than the exports business compared to the contrasting equation as of current.
Diese Geschichte stammt aus der May 2022-Ausgabe von Commercial Vehicle.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der May 2022-Ausgabe von Commercial Vehicle.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
PRAWAAS 4.0 TO SPOTLIGHT THE RESURGENCE IN THE BUS SEGMENT
PRAWAAS 4.0 RETURNS TO SPOTLIGHT THE POST COVID RESURGENCE OF THE BUS SEGMENT WITH MODERN GREENER SOLUTIONS TO MEETING OPERATOR REQUIREMENTS
ONE STOP TBR ZONES
IMAGINE PULLING OVER TO A DEDICATED TYRE ZONE THAT CATERS TO ALL YOUR PURCHASE AND MODERN-DAY AFTERSALES NEEDS. JOIN ASHISH BHATIA AS HE VISITS A PROMINENT ESTABLISHMENT, BRINGING THIS COMPELLING VALUE PROPOSITION TO THE FOREFRONT.
VOLVO TRUCKS ROLLS OUT LNG FOR THE LONG-HAUL
VOLVO TRUCKS INDIA UNDERTOOK AN EXTENSIVE PILOT WITH THE VOLVO FM 420 LNG 4X2 TRACTOR. IT IS NOW READY TO COMMERCIALISE IT AS PART OF A LARGER STRATEGY TO MEET ALTERNATE FUEL REQUIREMENTS
iMAXX OFFERS TANGIBLE BENEFITS
MTBD IS COMMITTED TO ENHANCING TECHNOLOGY, EFFICIENCY, AND CUSTOMER VALUE PROPOSITIONS. UPENDRA KASBEKAR RECENTLY VISITED THE CHAKAN PLANT TO GAIN INSIGHTS.
ADVANCING TRUCK TECHNOLOGY
AT THE ZF GLOBAL TECHNOLOGY DAY 2024, THE TECHNOLOGY SOLUTIONS PROVIDER SPOTLIGHTED ADVANCEMENTS IN TRUCK TECHNOLOGY WITH A MARKET-READY SUITE OF SOLUTIONS
SUSTAINABILITY AS STRATEGY
IN AN INDUSTRY TALK SESSION, SATYAKAM ARYA MANAGING DIRECTOR AND CEO, DAIMLER INDIA COMMERCIAL VEHICLES SPOKE TO ASHISH BHATIA ON INTEGRATING SUSTAINABILITY INTO THE OVERALL BUSINESS STRATEGY.
CHASING LOCALISATION
THE CHASE TO LOCALISE IS A GLOBAL PHENOMENON. ASHISH BHATIA GAUGES THE PURSUIT FOR AN EDGE.
LNG POLICY PRICING AND INFRASTRUCTURE
AT THE EIGHTH LNG INDIA SUMMIT 2024, INDUSTRY LEADERS SHARED CRITICAL INSIGHTS ON LNG POLICY, PRICING, AND INFRASTRUCTURE
DÜRR BUILDS THE FIRST EU TAXONOMY-COMPLIANT PAINT SHOP
PAINT SHOPS MUST BECOME \"GREENER\" TO HELP VEHICLE MANUFACTURERS FEEL CERTAIN ABOUT MEETING THEIR AMBITIOUS CLIMATE TARGETS
LUMAX CORNAGLIA BOLSTERS EMISSION COMPLIANCE
LUMAX CORNAGLIA HAS ADDED TO ITS MANUFACTURING FOOTPRINT BY COMMISSIONING A NEW PLANT FOR EMISSION-COMPLIANT PRODUCTS WITH AN EYE ON THE FUTURE