Tremendous Auto Forge Chairman S. Seetharaman shows a extremely precision product. He’s flanked by Joint Managing Director S. Ravishankar (left) and Managing Director S. Muralishankar.
Tremendous Auto Forging Pvt. Ltd. (SAF) has chalked out a five-year plan to double its income to ₹3,000 crore by FY29, aided by a robust export market and an aggressive technique to double its home market share, stated a prime official.
“We closed final fiscal with a income of ₹1,580 crore and we’re planning to cross ₹2,000 crore in FY26 and hit ₹3,000 crore by FY29 by driving on 10-15% progress YoY,” Chairman S. Seetharaman stated throughout an interplay.
To realize this aim, SAF plans to amass used forging presses from reputed world Unique Gear Producers (OEMs). SAF acquired 4 chilly forging strains from Japan just lately, and two heat forging strains from Germany, whereas investing in two new aluminium forging strains.
“Like China plus one issue, Europe plus one issue will assist the Indian automotive sector, significantly the forging phase within the coming years,”stated Joint MD S. Ravishankar. “On account of excessive manpower and power prices in Europe, lot of enterprise alternatives may even be out there for Indian producers,” he stated including that world tier-1 corporations and OEMs have been prioritising India and Mexico.
SAF expects its home market share to develop greater than the present 20%. “Not solely the Indian home volumes are going to be excessive within the coming years, however lots of our tier-1 home prospects have begun exporting completed assemblies.”
SAF can also be exploring alternatives within the defence sector to lift its home share. It expects 90% income from the auto sector and the remaining from defence and different sectors.
‘Area of interest market’
“Precision chilly and heat forging could be very area of interest with restricted competitors,” stated MD S. Muralishankar. “What units SAF aside is its functionality to ship extremely essential, able to assemble elements at excessive volumes with stringent high quality” norms, he famous.
SAF has begun the enlargement work and plans to make use of 30% girls within the coming years.
“We’ve got a ₹500 crore capex plan over 5 years, and we have now 90% visibility of orders for 2 years,” Mr. Muralishankar stated.
