Divgi TorqTransfer Systems Limited has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is approximately INR 425 million (based on current forex rate).

As indicated by the customers, after successful trials, the mass production of these parts will commence during fiscal 2024-25. Earlier, the company have also been awarded an order worth INR 469 million from the same customer. With award of the new orders, the annual order book with these customers has crossed INR 894 million.

The life-cycle revenue of both the businesses is INR 2121 million over a period of 5 years.