# 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.

- Type: Contract
- Announced: 2018-08-05
- Where: Gurugram, India
- Value: $168.0M (12.0B INR)
- Status: announced
- Products: electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rico Auto Industries](https://endata.com/companies/33572.md)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/rico-auto-to-sign-new-jv-to-make-cvt-bags-rs-1200-cr-order-from-ev-makers/65282167), 2018-08-05: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.