Pritika Auto Begins Tractor Component Production for Multinational Brand

24 Jan 2025 CW Team

Pritika Auto Industries announced on January 22, 2025, the commencement of production for a leading multinational tractor manufacturer. This new business venture is expected to contribute approximately Rs 200 million annually to the company's order book.

The initial order includes vital tractor components such as hydraulic cylinders, top link brackets, hydraulic blocks, and tube cylinders, marking a significant step in Pritika Auto's growth strategy.

The long-term partnership is projected to generate a cumulative order value of Rs 0.80 billion to Rs 1 billion over the next four to five years. Harpreet S. Nibber, Managing Director of Pritika Auto, expressed confidence that the company would continue to deliver high-quality, precision-engineered components that meet industry standards.

Pritika Auto is also enhancing its financial stability by undertaking a rights issue of up to Rs 49.90 crore, aimed at funding expansion plans and reducing its debt. The company has longstanding relationships with major original equipment manufacturers like Escorts Kubota, TAFE Motors, Mahindra & Mahindra, and Ashok Leyland.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..