Ramkrishna Forgings stated that this acquisition is a significant step towards its growth strategy, as it aims to expand its product line and strengthen its presence in the passenger vehicles, light commercial vehicles, and heavy commercial vehicles segments. The company also revealed that it has acquired Mal Auto Products Private Limited for Rs 7 crore.
By venturing into the production and supply of the entire differential assembly and trailer axle assembly consisting of Casting and Forgings, Ramkrishna Forgings is positioning itself as a major player in the market. The addition of these new product lines is expected to contribute significantly to the company’s financial growth, with an estimated turnover of Rs 500-600 crore within the next two years.
Lalit Khetan, Whole Time Director & CFO of Ramkrishna Forgings, expressed that this integration will strengthen their presence in the market and provide enhanced value to their customers. He added that this expansion opens up opportunities for future growth and success.