Talbros Automotive’s JV secures order

New Delhi: Talbros Automotive Components on Thursday said its joint venture firm has secured a multi-year contract valued at around Rs 1,000 crore from a European original equipment manufacturer (OEM). The order is to be executed over a period of next eight years commencing from the fourth quarter of this fiscal, the company said in a regulatory filing. The order has been secured by the company’s joint venture firm — Marelli Talbros Chassis Systems (MTCS). The order is centered on the supply of suspension arms tailored for both conventional internal combustion engine (ICE) vehicles and new-age electric vehicle (EV) platforms, the company said.