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Pricol continues its capex cycle with over ₹200 cr planned for FY25
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Pricol in technology & supply pact with China s Heilongjiang Tianyouwei Electronics
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Pricol plans new capacities in NCR, Satara and Sri City by Murali Gopalan 25 May 2021
Vikram Mohan, Managing Director of Pricol, is confident that the company will maintain its growth momentum this fiscal.
Businesses are in place along with two new plants in north and south India that will be set up to cater to growing demand and newer products. “I was worried last March and April with Covid but the lockdown ended. The two plants are operating at full capacity and doing well with a surge in revenue,” says Mohan.
The Coimbatore-headquartered Pricol has optimised most of its existing facilities in the recent round of expansion but can still “squeeze out” Rs 400 crore from the Rs 2,500 crore capacity right now with a little bit of capex. For the next round of expansion, it is looking for a new generation of products to cater to electric in the 2-wheeler space.