Remsons Industries Limited has informed the Exchange regarding a press release dated May 15, 2025, titled "Business Award ".
REMSONSIND · price
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Remsons Industries has won its single largest business order to date — approximately ₹300 crore (around USD 35 million) from Stellantis North America for the supply of control cables. The order covers critical components for iconic Stellantis vehicle platforms such as the Jeep Wrangler and RAM in North America. The company will also supply products for Smart cars and 3-wheelers into Stellantis Europe. Management described this as a defining milestone in the company's international expansion and a validation of its quality and capabilities by a global automotive leader. Remsons, which manufactures control cables, gear shifters, pedal boxes and other auto components, has facilities in India and the UK and has been in the auto components business for over 50 years.
This is a positive, material development for shareholders — a ₹300 crore single order is sizeable for a small-cap company and signals strong order book momentum and global credibility. The diversification across multiple Stellantis platforms and geographies (North America and Europe) reduces concentration risk and could support revenue growth and margin expansion over the medium term.