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.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..