Super Auto Forge Gears Up: ₹500 Crore Investment to Drive Growth

Super Auto Forge Pvt Ltd, a Tier 2 auto component supplier based in Chennai, is poised for significant expansion with plans to invest ₹500 crore over the next five years. This investment will focus on capacity expansion and technology upgrades, driven by optimistic growth prospects in both domestic and export markets.

Earlier this year, the company completed a ₹350 crore expansion, and now aims to further enhance its capabilities across cold, warm, and aluminum forging lines. This strategic decision is underpinned by strong visibility in their order book, with 90% visibility for the next two years and 70% for the subsequent four years, demonstrating proactive engagement with customers.

S. Seetharaman, Chairman of Super Auto Forge, highlighted the company's financial performance and future goals. For the fiscal year 2024, they achieved a revenue of ₹1,580 crore and are targeting ₹2,000 crore by the next fiscal year. Looking ahead, their ambitious goal is to reach a revenue milestone of ₹3,000 crore by fiscal year 2029.

This expansion initiative not only underscores Super Auto Forge's commitment to enhancing production capabilities but also positions them strongly to capitalize on emerging opportunities in the auto component sector. With a robust growth trajectory and strategic investments, the company is poised to significantly strengthen its market position and contribute to the automotive manufacturing sector's advancement in India.

News by Rahul Yelligetti