On December 2, 2024, Pricol Limited announced the acquisition of the injection moulding business of Sundaram Auto Components Ltd (SACL) through its subsidiary, Pricol Precision Products Private Limited. This all-cash deal, valued at ₹215.3 crore, is subject to adjustments outlined in the agreement during the deal’s closure. Notably, the acquisition is debt-free and is expected to add approximately ₹730 crore to Pricol’s consolidated revenue.
SACL, established in 1992 as part of TVS Motor Company, is a well-known player in the automotive components industry. The company specialises in advanced polymer solutions and injection moulding and operates 6 state-of-the-art manufacturing facilities across India. SACL is recognised for its operational efficiency, sustainable practices, strong customer relationships, skilled workforce, and robust manufacturing ecosystem back it up.
The acquisition aligns with Pricol’s strategy to expand into related business areas and strengthen its position in the automotive sector. By integrating SACL’s expertise with Pricol’s capabilities, the company aims to:
This move highlights Pricol’s commitment to innovation and leadership in the automotive industry, setting the stage for sustained growth and expansion.
On the occasion of this announcement, the Managing Director of Pricol Limited, Mr Vikram Mohan, said: “I express immense pride in welcoming the talented team at SACL into the Pricol family. With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL to become an integrated solution player, driving innovation and delivering sustainable growth. SACL’s expertise and value systems perfectly align with our vision and core values, enabling us to meet our customers’ demands. This acquisition is a significant step towards realising our commitment to sustainable and transformative growth.”
Pricol Limited is a prominent Indian company specialising in automotive technology and precision-engineered products. Headquartered in Coimbatore, India, the company began operations in 1975 and has since grown into a trusted global brand in the automotive industry. Pricol is recognised for its customer-focused approach and continuous innovation in product and process technologies, making it a preferred partner for leading Original Equipment Manufacturers (OEMs) worldwide.
Pricol share price is currently trading at ₹503.15, reflecting a rise of ₹8.10 or 1.64% as of December 3, 10:02 AM. The stock opened at ₹519.00 and reached an intraday high of ₹523.80, while the day’s low was ₹502.20. The stock’s 52-week range has been between ₹328.00 and ₹542.50, showcasing significant growth potential.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
