Setco Automotive Limited — Updates, 05-12-2024: Press Release

Setco Automotive Limited's subsidiary, Lava Cast, has successfully exported flywheels and covers to the US market, marking a significant milestone in its international expansion efforts. The advanced, fully automated production facility at Lava Cast enhances product competitiveness through precision and cost-efficiency. This shipment signifies Setco's strategy to tap into the US market, which offers higher margins than domestic sales.

The company aims to scale up its export operations for clutches, flywheels, and castings, which could meaningfully contribute to overall revenues. Chairman and Managing Director, Mr. Harish Sheth, emphasized this achievement as a culmination of strategic initiatives and a positive outlook for sustained growth, reinforcing Setco’s commitment to delivering superior quality and innovative solutions to its global customers.