Ludhiana: Happy Forgings Limited (HFL), a major player in engineering-driven manufacturing specializing in complex, safety-critical, heavy forged, and high-precision machined components in India, based on its forging capacity, has been awarded a “Letter of Business Award” by a top Indian passenger vehicle manufacturer. This achievement signifies a notable milestone in HFL’s expansion and advancement journey.
- This contract involves the production and delivery of fully machined components tailored for the SUV segment. The overall value of the order amounts to approximately INR 60-70 crores annually, totaling around Rs 400 crores over a span of 6 years, commencing from April 1st, 2024.
- This order will enable the company to enter the Passenger Vehicles segment, enhancing its presence in the market. It aligns with the company’s goal of diversifying its revenue mix across different sectors, both domestically and in export markets.
- The order further validates HFL’s expertise in delivering high-quality and precision-engineered machined products tailored for BS6 applications, reinforcing its reputation for excellence in this regard.