+
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

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code