Clutch maker Setco eyes plant in Russia, to foray into LCV and farm equipment standard

Setco Automotive, the largest clutch supplier to the medium and heavy commercial vehicle (MHCV) segment, is not only eyeing a foray into the light commercial vehicles (LCV) and farm equipment space within the next six months, but also exploring options to set up an assembly plant in Russia. The company already operates two assembly units overseas, one in Manchester, UK and another in Nashville, Tennessee, US. “We operate in a hub-and-spoke mode. Our main plant is in Kalol, Gujarat, which supplies to assembly plants in the UK, the US and also in Uttarakhand. We are exploring opportunities to set up an assembly plant in Russia as well, and are working with OEMs (original equipment manufacturers) on that front,” said Udit ...

Continue Reading

Setco Automotive Q1 Net Profit increased by 120.6% in Q1-FY 11 standard

Back to News Key Highlights: Revenue improved by 42.5% Operating Margin enhances to 21.0% Net Profit Margin enhances to 10.1 % Allots Bonus shares Mumbai, August 12, 2010: Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company have allotted Bonus Shares in the ratio of 1:1 and have declared Unaudited Financial Results for the first quarter ended June 30, 2010 in meeting of Board of Directors held on August 12, 2010.   Total Income increased to Rs.52.21 Crs, a growth of 42.5% compare to Rs. 36.65 Crs in the corresponding previous quarter. EBIDTA improved to 21.0% compared to 17.4% in corresponding previous quarter. On a standalone basis, the Company‚Äôs net profit for the June ...

Continue Reading

This is a unique website which will require a more modern browser to work!

Please upgrade today!