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Happy Forgings Limited (HFL) has secured a significant order to supply crankshafts for the domestic passenger vehicle segment, valued at approximately ₹140 crore. This order will span from FY26 to FY31, with deliveries set to begin in FY26 after completing necessary testing and approvals. Peak annual revenues from this contract are anticipated to reach ₹27 crore. Notably, there’s potential for a subsequent order to double supply volumes starting in FY28, which could elevate peak annual revenues to over ₹50 crore, depending on the sales performance of the vehicles utilizing HFL's crankshafts.
This contract underscores HFL’s advanced manufacturing capabilities and solidifies its position in the competitive automotive components market. The Managing Director, Ashish Garg, emphasized the company’s commitment to high-quality solutions and innovation in precision engineering, highlighting the order’s importance for HFL's expansion in the passenger vehicle sector. The positive outlook indicates HFL's strong potential for growth driven by increasing demand for high-precision components in the automotive industry.