24 Jul, EOD - Indian

SENSEX 80148.88 (-0.35)

Nifty 50 24413.5 (-0.27)

Nifty Bank 51317 (-0.89)

Nifty IT 40115.05 (0.18)

Nifty Midcap 100 56872.75 (1.04)

Nifty Next 50 71844.65 (0.30)

Nifty Pharma 20908.5 (0.74)

Nifty Smallcap 100 18723.5 (1.76)

24 Jul, EOD - Global

NIKKEI 225 39154.85 (-1.11)

HANG SENG 17311.05 (-0.91)

DOW JONES 39853.87 (-1.25)

S&P 5427.13 (-2.31)

Login/Signup

Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(03 May 2024, 08:24)

Happy Forgings bags supply order of components for Electric SUV

Happy forgings (HFL)said that it has received an order from a leading global manufacturer and supplier of automotive components to supply E Axle components for Electric SUVs in US Passenger Vehicle segment.

This contract exemplifies HFL's commitment to innovation and customer satisfaction, showcasing the company's ability to cross-sell products to existing clients while maintaining the highest standards of quality and precision engineering.

The contract spans 7 years, extending until FY32, with supplies set to commence in Q3FY25 reaching a full volume ramp-up by Q4FY26. Peak annual sales (assuming fully ramped up volumes) can exceed around Rs 50 crore p.a. with a cumulative value estimated at approximately Rs 320-350 over the contract’s duration.

Ashish Garg, managing director, Happy Forgings, said, “We are pleased to announce a significant milestone in our partnership with a global OEM to supply components for their E Axle program designed for Electric SUVs. Being selected as a trust...

More News
More Company News View Company Information