Modern Automotives announced that it has become the first Indian company to achieve approval for deliveries of differential pinion shafts to BMW AG Munich. The order comprises 2.5 million units to be delivered by 2034.
To meet the exacting standard for the pinion shaft, the component maker developed a special patented coating process under collaborative efforts with HEF France.
According to Aditya Goyal, Managing Director, Modern Automotives, the total revenue of this project is INR 150 crore, and it would give a huge push to the company’s ambition of being part of the global supply chain of prestigious OEMs. The company aims to increase its export order book to 25% by 2025 against the current 5%.
He said, “For an automotive brand like BMW which sets the industry-leading benchmark in mobility, developing a pinion shaft matching its precise quality standard is a feather in the cap of our company and a milestone for the Make in India campaign. This order is a reflection of the stringent world-class quality that Modern Automotives offers. This also showcases the country’s global standing in the auto components market. It is a proud moment for all of us to have received this order.”