Tapping Revenue Streams With Higher Utilisation
Auto Components India|March 2022
Showing signs of recovery from the pandemic induced slowdown, MM Forgings is confident of growth with higher asset utilisation. Prateek Pardeshi links the recent performances with the vision to open up new revenue streams.
Prateek Pardeshi
Tapping Revenue Streams With Higher Utilisation

In 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, the company will leverage an in-sync human capital to realise its full potential. A testimony to efforts fructifying is the recent acknowledgement from CV major Ashok Leyland. Leyland 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. Vidyashankar Krishnan, Managing Director, MM Forgings in the recent past has stated that the second half of FY2021-22 should be much stronger than the first half and also with the likely pickup in the CV market. The company expects to 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 FY202122 with an incremental hike in projections 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.

Esta historia es de la edición March 2022 de Auto Components India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición March 2022 de Auto Components India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE AUTO COMPONENTS INDIAVer todo
RENESAS UNVEILS MULTI-DOMAIN SOC.
Auto Components India

RENESAS UNVEILS MULTI-DOMAIN SOC.

Renesas Unveils 5th-Generation Multi-Domain SoC for ADAS, Infotainment and Gateway Systems

time-read
1 min  |
November 2024
BORGWARNER SECURES NEW HVCH PROGRAMS
Auto Components India

BORGWARNER SECURES NEW HVCH PROGRAMS

BorgWarner has secured three significant business wins for its High Voltage Coolant Heater (HVCH) technology, expanding its reach in the Chinese, Korean and Japanese electric vehicle markets.

time-read
1 min  |
November 2024
RESHAPING REALITY
Auto Components India

RESHAPING REALITY

Abhiyantriki, the 26th annual technical fest of K J Somaiya School of Engineering at Somaiya Vidyavihar University, took place at its Mumbai campus under the theme ‘Reshaping Reality’, focusing on futuristic innovations and real-world problemsolving.

time-read
1 min  |
November 2024
CONTINENTAL TIRES INDIA CELEBRATES CONTINUED PREFERRED PARTNER STATUS
Auto Components India

CONTINENTAL TIRES INDIA CELEBRATES CONTINUED PREFERRED PARTNER STATUS

Continental Tires India reaffirms its dedication to customer-centric solutions and operational excellence through its sustained partnership with Mercedes-Benz AG.

time-read
1 min  |
November 2024
ACMA IAUTOCONNECT 2024
Auto Components India

ACMA IAUTOCONNECT 2024

The Automotive Component Manufacturers Association of India (ACMA), hosted the ninth edition of its premier buyer-seller event, iAutoConnect, at Yashobhoomi in New Delhi.

time-read
1 min  |
November 2024
4TH ACMA AUTOMOTIVE RAW MATERIALS CONCLAVE
Auto Components India

4TH ACMA AUTOMOTIVE RAW MATERIALS CONCLAVE

The 4th Automotive Raw Materials Conclave focused on automotive innovations and sustainability in nonferrous materials, writes Richa Tyagi.

time-read
5 minutos  |
November 2024
MOBILITY PLAYSETS
Auto Components India

MOBILITY PLAYSETS

Even as the Indian automobile industry touches new heights and innovations, it is the commercial mobility play sets that continue to be a major draw. It is a good starting point for the next generation, writes Prajakta Chavan Rane from her plant sojourn.

time-read
7 minutos  |
November 2024
SUSTAINABILITY AS STRATEGY
Auto Components India

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.

time-read
7 minutos  |
November 2024
EMBRACING SHOPFLOOR AUTOMATION
Auto Components India

EMBRACING SHOPFLOOR AUTOMATION

In manufacturing, where precision, efficiency, and cost-effectiveness are paramount, Mahindra Mahindra has embraced shopfloor automation as a cornerstone of its strategy

time-read
5 minutos  |
November 2024
FREUDENBERG EXPANDS MANUFACTURING FOOTPRINT
Auto Components India

FREUDENBERG EXPANDS MANUFACTURING FOOTPRINT

Freudenberg opens two state-of-the-art manufacturing plants in Morinda, marking its largest investment in expanding the manufacturing footprint in India, writes Richa Tyagi.

time-read
3 minutos  |
November 2024