Pricol plans Rs 2 billion + capex cycle for FY25
ECONOMY & POLICY

Pricol plans Rs 2 billion + capex cycle for FY25

Pricol, a prominent manufacturer of vehicle dashboards, announced intentions to invest between Rs 2-2.2 billion in capital expenditure for FY25 to extend its production capacities across different product lines.

During the Q4FY24 earnings call, Vikram Mohan, Managing Director of Pricol, mentioned that their capacity utilization was currently at nearly 85 per cent. He stated that due to this, they were in the process of enhancing capacity and carrying out capex at their new plants in Pune. Additionally, they were upgrading facilities in Coimbatore and Manesar.

Previously, the company had indicated a total capex of Rs 6 billion over three years (FY23-25) for organic growth.

The planned capex for FY25 will concentrate on expanding capacities in product verticals like digital instrument clusters and PCB manufacturing.

The improvement in Pricol?s market share in instrument clusters is expected to continue, fueled by strong order wins, particularly a significant order from Honda Motorcycle & Scooters India, the second-largest two-wheeler manufacturer in the country.

Despite being in the early stages of the electric vehicle (EV) business, Pricol foresees significant growth opportunities. They are collaborating with 18 EV OEMs for instrument clusters, aiming to increase their market share from 6.8 per cent to 10 per cent in the passenger vehicle segment.

Presently, with a setup capacity of Rs 1.2 billion per annum in the disc brake business, Pricol has secured orders from six companies. They are in the process of ramping up their disc brake capacity through two new units, one of which is under construction and the other just commencing. After completion, Pricol will have a capacity of Rs 3 billion per annum.

Pricol, a prominent manufacturer of vehicle dashboards, announced intentions to invest between Rs 2-2.2 billion in capital expenditure for FY25 to extend its production capacities across different product lines. During the Q4FY24 earnings call, Vikram Mohan, Managing Director of Pricol, mentioned that their capacity utilization was currently at nearly 85 per cent. He stated that due to this, they were in the process of enhancing capacity and carrying out capex at their new plants in Pune. Additionally, they were upgrading facilities in Coimbatore and Manesar. Previously, the company had indicated a total capex of Rs 6 billion over three years (FY23-25) for organic growth. The planned capex for FY25 will concentrate on expanding capacities in product verticals like digital instrument clusters and PCB manufacturing. The improvement in Pricol?s market share in instrument clusters is expected to continue, fueled by strong order wins, particularly a significant order from Honda Motorcycle & Scooters India, the second-largest two-wheeler manufacturer in the country. Despite being in the early stages of the electric vehicle (EV) business, Pricol foresees significant growth opportunities. They are collaborating with 18 EV OEMs for instrument clusters, aiming to increase their market share from 6.8 per cent to 10 per cent in the passenger vehicle segment. Presently, with a setup capacity of Rs 1.2 billion per annum in the disc brake business, Pricol has secured orders from six companies. They are in the process of ramping up their disc brake capacity through two new units, one of which is under construction and the other just commencing. After completion, Pricol will have a capacity of Rs 3 billion per annum.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code