Precision Camshafts bags orders worth Rs. 275 crore

Precision Camshafts has won fresh contracts from major OEMs. The top order is from Ford for 1.5 million fully machined camshafts. The supply will start from January 2019.

Ford has ordered for 1.5 million fully machined camshafts, which is worth Rs. 190 crores. General Motors and Mahindra & Mahindra placed an aggregate order for 0.5 million camshafts each respectively, stated the company in a filing to the exchange on Monday. The company reported the value of the order from GM at Rs. 35 crores, supply has started from January 2018. Mahindra & Mahindra has placed Rs. 50 crore order for supply starting from October 2018.

These orders are in-line with the company’s focus on manufacturing and supplying higher value products and becoming a global partner of major original equipment manufacturers (OEMs).

Precision Camshafts is one of the world’s leading manufacturers and supplier of camshafts in the passenger vehicle segment based on its estimated global market share by volume. Camshafts are critical components of a vehicle's engine.