Setco Automotive Limited has informed the Exchange regarding a press release dated Jun 05, 2025, titled "Launches Automotive Water Pump Expands Product Portfolio Beyond Clutches".
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Setco Automotive has launched a new Automotive Water Pump for Light Commercial Vehicles (LCVs) and Medium & Heavy Commercial Vehicles (MHCVs), marking its entry into the engine cooling segment. The company, traditionally known for MHCV clutches, is diversifying beyond its core clutch business into related auto components. The product features long-life seal integrity, high load-bearing capability, enhanced NVH performance, and thermal-optimized impeller materials. Chairman & MD Harish Sheth described this as a significant step to deepen presence across the auto component value chain and strengthen OEM and aftermarket relationships. No financial figures, order details, or revenue projections were disclosed in the release.
This is a strategic diversification move that could open a new revenue stream, but with no revenue figures or order pipeline disclosed, the near-term financial impact is unclear. Shareholders should watch for subsequent updates on customer adoption and revenue contribution from this new product line.