Pritika Auto Begins Tractor Component Production for Multinational Brand
ECONOMY & POLICY

Pritika Auto Begins Tractor Component Production for Multinational Brand

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.

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.

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Next Story
Infrastructure Transport

NFR Launches Key Railway Projects to Boost BTAD Connectivity

Northeast Frontier Railway (NFR) has unveiled major railway projects to enhance connectivity and economic growth in Assam’s Bodoland Territorial Area Districts (BTAD). These initiatives align with the national Viksit Bharat vision, focusing on regional development and job creation. A key project is the Wagon Periodic Overhauling (POH) Workshop in Basbari, Kokrajhar. The workshop, costing Rs 2.56 billion in phase one, will initially overhaul 75 wagons per month, scaling up to 250 in future phases. Its location near Basbari station and Rupsi Airport will boost logistics and local employment. ..

Next Story
Infrastructure Transport

Aurangabad Railway Station Renamed to Chhatrapati Sambhajinagar

The Aurangabad Railway Station in Maharashtra has officially been renamed Chhatrapati Sambhajinagar Railway Station, according to a release by Central Railway on October 25, 2025. The new station code will be ‘CPSN’. This decision follows the Maharashtra government’s gazette notification on October 15, issued by the BJP-led Mahayuti government. The change aligns with the city’s renaming in 2022 under the leadership of Chief Minister Eknath Shinde. The new name honors Chhatrapati Sambhaji Maharaj, the son of Maratha king Shivaji Maharaj. The renaming of the railway station comes three..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?