Order worth around Rs 350 crore bagged by Happy Forgings
Leading global manufacturer and supplier of automotive components Happy Forgings has bagged orders for supply E Axle components for Electric SUVs in the US Passenger Vehicle segment. The contract spans 7 years, extending until FY32, and is estimated at approximately Rs 320-350 crore.
The supplies under order are set to commence in Q3FY25 reaching a full volume ramp-up by Q4FY26.