Happy Forgings Limited (HFL), one of the largest engineering led
manufacturer of complex and safety-critical, heavy-forged and high-precision machined components in India in terms of forgings capacity, is pleased to announce the confirmation
of a significant contract for supplying machined Axle Seats and Steering Knuckles for
Electric SUVs in the US market, further solidifying its partnership with a prominent global
OEM.
This contract exemplifies HFL's commitment to innovation and customer satisfaction,
showcasing the company's ability to cross-sell products to existing clients while maintaining
the highest standards of quality and precision engineering.
The contract spans 7 years, extending until FY32, with supplies set to commence in Q3FY25
reaching a full volume ramp-up by Q4FY26. Peak annual sales (assuming fully ramped up
volumes) can exceed ~Rs. 50 crores p.a. with a cumulative value estimated at ~Rs 320-350
over the contract’s duration.
With this order, HFL aims to further diversify its revenue segments and strengthen its
position as a trusted supplier of automotive components in the global market.
