Pritika Auto Industries Limited — Updates, 21-01-2025: Press Release

Pritika Auto Industries Limited has commenced commercial production of new components for a leading multinational tractor manufacturer in India, following successful inspections and trials. The components include the case for hydraulic cylinders, bracket top link, block for hydraulic systems, and tube cylinders. This venture is projected to generate annual revenue of approximately ₹20 crore, with long-term visibility expected to deliver between ₹80 crore and ₹100 crore over the next four to five years.

The company has also reaffirmed its commitment to funding expansion plans through a rights issue amounting to ₹49.90 crore and aims to reduce debt over time. Industry insights suggest a positive outlook for the tractor sector, as a major OEM anticipates double-digit growth in the tractor industry for the second half of FY25. The company celebrates its 50th anniversary this year, underlining its strong, long-standing relationships with major clients across India.