Happy Forgings (HFL) has received a supply order from an Indian passenger vehicle manufacturer, for the supply of crankshafts for the domestic passenger vehicle segment.
The order is valued at approx. Rs 140 crore and is to be executed between FY26 to FY31. With this, the peak annual revenues are expected to reach Rs 27 crore, based on the current order.
HFLs investment in manufacturing capabilities will help meet the growing demand for high-precision components from both global and domestic automotive OEMs, as it expands its presence in the passenger vehicle segment. A subsequent order, depending on vehicle sales, could increase supply volumes, potentially driving peak annual revenues to over Rs 50 crore from FY28 onwards.