Tuesday, 6 September 2011

Rico bags export order of up to Rs 70 cr per annum




Auto component maker Rico Auto on Tuesday said it has bagged an export order worth up to Rs 70 crore annually to supply transmission to a global passenger car maker. 

"We have recently got an export order to supply transmissions to a global passenger car maker, which is also present in India. The order size is Rs 50-70 crore for every year and we expect to continue this for 7-8 years," Rico Auto Managing Director Arvind Kapur told reporters on the sidelines of the Automotive Component Manufacturers Association (ACMA) summit. 

The company will supply both manual and automatic transmission and the shipment is likely to start from June 2012.

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