Pritika Group , one of the leading manufacturers of tractor components has started commercial production for one of the major multinational tractor manufacturers in India. It has successfully conducted the component trials, Hydraulic Lift Housing and Axle Housing , at the customer site.

The annual value of this supply order is said to be around Rs 18 crore. Significantly, the contract provides four-five years of long-term visibility.

Pritika Engineering Components Ltd, the subsidiary of Pritika Auto Industries Ltd, is leading the group in making these critical components. Both parent and subsidiary companies have recently received reaffirmed stable credit ratings from CARE Ratings Ltd.

Pritika Auto Industries has strategically utilized funds raised through a preferential equity share issue to expand its manufacturing capabilities.

Additionally, the company has announced plans to issue right shares worth up to Rs 49.90 crore to further boost expansion initiatives and reduce debt. Pritika Engineering Components has also embarked on a similar path, issuing right shares to fund its expansion into railway component manufacturing and strengthen its core business while concurrently focusing on debt reduction.
The company's extensive network and pan-India presence have enabled it to forge partnerships with major OEMs, including Escorts Kubota, Tractor & Farm Equipment, Mahindra & Mahindra, Ashok Leyland, Mahindra Swaraj, Swaraj Engines, Tafe Motors & Tractors (Eicher Tractors), Brakes India, SML ISUZU, Knott – Vortex Pvt Ltd, CNH Industrial (India) Pvt Ltd (New Holland Tractors), International Tractors (Sonalika).