Shares of Talbros Automotive Components Ltd surged 8% on 11 June after the company and its joint ventures secured orders worth Rs 580 crores from top OEMs for both the domestic and foreign markets.

These orders comprise orders from all of the company’s product lines, such as gaskets, heat shields, forging components, chassis, and hoses, and will be performed over the next five years.

The sealing business ordered Rs 260 crore (including Rs 150 crore in exports, primarily to Europe) for gaskets and heat shield products, as well as forging items. The remaining Rs 80 crore is for the forgings sector, while Rs 180 crore is for the gasket and heat shield segment, which has received orders from numerous OEMs.

The company has earned Rs 290 crore in chassis component contracts through a joint venture (Marelli Talbros Chassis Systems). Out of this, 50% of orders are for EVs.

Through its joint venture with Talbros Marugo Rubber, the company earned Rs 30 crore in the domestic market for products such as hoses and A/V. Commercialization for these goods will begin in the second half of fiscal year 26.

At 11:34 am, the shares of Talbros Automotive were trading 4.15% higher at Rs 311.25 on NSE.

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