- Business
- Rico Auto Industries Limited, incorporated in 1983 and headquartered in Gurugram, Haryana, India, manufactures and supplies high-precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers worldwide. The company offers integrated services encompassing design, development, tooling, casting, machining, and assembly across ferrous and aluminum products; its core portfolio includes oil pump assemblies, fuel system parts, lube oil filter heads, exhaust manifolds, turbine housings, center housings, back plates, crank cases and covers, cylinder head covers, oil pans, intake manifold covers, front covers, valve covers, side covers, balance shafts assemblies, gear housings, main bearing caps, water and air connections, pressure plates, flywheels, timing cases, oil filter adaptors, engine brackets, cylinder blocks, cylinder heads, clutch assemblies, automatic transmission bracket assemblies, differential case housings, gear shift forks, wheel hubs assemblies, brake panel assemblies, brake discs and drums, tank track shoes, fuze bodies, fuze assemblies, and aluminum alloy wheels, serving two-wheeler, three-wheeler, passenger car, commercial vehicle, and electric/hybrid vehicle customers with operations spanning four continents through 15 manufacturing plants. Recent developments include the acquisition of land in Shoolagiri, Krishnagiri District, Hosur, for capacity expansion to support southern India automotive manufacturers; new customer additions such as Knorr-Bremse, Case New Holland, and Piaggio; awards of new business from BMW, Toyota, Aisin, and GKN; launch of the "Shifting Gears" organizational excellence project for digitization, HR automation, and Industry 4.0 implementation with IoT; acquisition of 70% shareholding in Rico Friction Technologies Limited for clutch friction materials production; and a 26% stake in Roop Ram Industries Private Limited for solar power supply, alongside a strategic focus on electrification with substantial EV/hybrid orders and projected 15% revenue CAGR.