Pritika Auto Industries, a key player in tractor component manufacturing, has begun producing parts for a major international tractor brand. This new partnership is set to add around Rs 20 crore to the company’s annual order book.
The initial order includes critical components like hydraulic cylinders, top link brackets, hydraulic blocks, and tube cylinders. This marks a significant step in Pritika Auto’s growth strategy. The deal is expected to bring in steady revenue, with an estimated Rs 20 crore annually. Over the next 4-5 years, the partnership could generate cumulative orders worth Rs 80 crore to Rs 100 crore.
Harpreet S Nibber, Managing Director of Pritika Auto Industries, said, “Starting production for this global tractor brand reflects our dedication to delivering high-quality, precision-engineered components that meet and surpass industry standards.”
Pritika Auto holds a stable credit rating from CARE Ratings Ltd. Recently, the company raised Rs 49.90 crore through a rights issue to support its expansion plans and reduce debt. Known for producing top-quality parts for tractors and commercial vehicles, Pritika Auto has long-standing partnerships with major manufacturers like Escorts Kubota, TAFE Motors & Tractors, Mahindra & Mahindra, and Ashok Leyland.
This new collaboration underscores Pritika Auto’s growing presence in the global market and its ability to secure high-value contracts.
