Pricol has acquired the Injection Moulding division of Sundaram Auto Components Ltd (SACL) through its wholly-owned subsidiary, Pricol Precision Products Private Limited, for an all-cash debt-free deal worth Rs 215.3 crore. The transaction is likely to add around Rs 730 crore of consolidated revenue, a company statement said.

The acquisition will help Pricol establish the injection moulding segment as a standalone vertical, enhancing the combined strengths of SACL and Pricol's existing capabilities. Sundaram Auto Components Ltd, a part of TVS Motor Company, is recognized for its advanced polymer solutions and injection moulding expertise.

Vikram Mohan, the Managing Director of Pricol Limited said, 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 has played a vital role in the TVS group for many years, establishing a significant presence in the Indian automotive component industry. As market dynamics evolve, and we allocate capital more efficiently in accordance with our strategic plans, we are delighted that Pricol, our trusted long-term supplier partner, is taking over the business”, said K Gopala Desikan, Group CFO of TVS Motor Company.

Through focussed and well-defined products and solution offerings, we aim to redefine industry standards with clear roadmap for growth whilst creating lasting value for all of our stakeholders”, added Siddharth Manoharan, Group Director of Strategy, Pricol.