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Rico Auto bags Rs 1,200 crore order from EV manufacturers · Endata

◂ Announcements

Aug 5, 2018CONTRACTGurugram, India

Rico Auto bags Rs 1,200 crore order from EV manufacturers

Rico Auto Industries has secured an order worth approximately Rs 1,200 crore from electric vehicle manufacturers. The company also plans to invest over Rs 400 crore in the next three years to achieve a Rs 2,000 crore turnover by 2020.

Value

$168.0M (12.0B INR)

Status

Announced

Productselectric vehicle components

CompaniesRico Auto Industries

Sectors#Automotive Components

“Rico Auto is one of the few Indian component makers who has already bagged an order worth about Rs 1,200 crore from electric vehicle manufacturers”auto.economictimes.indiatimes.com

1 source
auto.economictimes.indiatimes.comRico Auto to sign new JV to make CVT; bags Rs 1200 cr order from EV makersNabeel A KhanAug 5, 2018

Summarized from public sources; check the original articles before acting on it.

More from Rico Auto Industries

Apr 22, 2022ACQUISITIONGurgaon, near New Delhi, India, India
Continental acquires Rico Auto's 50% stake in Continental Rico Hydraulic Brakes India
Continental acquirer Rico Auto Industries target reifendirekt.com
Feb 12, 2019NEW FACILITYHalol, Gujarat, India$154Kops May 2019
Rico Auto Industries to set up new plant in Halol, Gujarat
Rico Auto Industries insights.dsij.in
Feb 12, 2019ACQUISITION
Rico Auto Industries to acquire Magna Powertrain joint venture
Magna Powertrain target Rico Auto Industries acquirer insights.dsij.in
Nov 16, 2018CONTRACTIndia
Rico Auto bags export order from Daimler for engine brackets
Rico Auto Industries Daimler customer commercialvehicle.in

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