Precision Camshafts has bagged a global contract from General Motors for the delivery of circa 6 million fully finished camshafts over the life of the programme, which is expected to commence supplies from 2018-19. The aggregate value of this programme over its life time is estimated to be Rs 580 crore. Initially the camshafts are to be supplied to the Brazilian market followed by shipments to other regions of the world.
This will allow the company to pursue its strategy of Globalization with the intended set up of a manufacturing location in Brazil to meet the above contract requirements. It also supports the company's focus in manufacturing and supplying higher value add components and elevates its position from a regional player to become a partner for the support of Global OEM platforms.
Precision Camshafts is one of the world’s leading manufacturers and supplier of camshafts, a critical engine component, in the passenger vehicle segment based on its estimated global market share by volume.