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Autoline Industries shares jump after Tata Motors PV SUV component award
The award is expected to add about ₹100 crore in annual incremental revenue, covering components for both ICE and EV SUV models.
Autoline Industries shares rallied nearly 16% in intraday trade on Thursday, September 16, after the auto component maker announced a new business award from Tata Motors Passenger Vehicles Ltd.
The company said the order is expected to generate approximately ₹100 crore in additional revenue per year, subject to production schedules and actual customer requirements. Autoline said the components will support SUV applications for both internal combustion engine and electric vehicle models.
Autoline noted that its manufacturing network, supported by Industry 4.0-enabled processes, automation and data-driven production systems, is designed to meet quality, cost and delivery requirements for the programme.
The company also said the award marks an important milestone for its Sanand operations and reflects continued confidence from a major Indian automaker, with management emphasizing disciplined execution across quality, cost, delivery and capacity readiness.