Rane Group Companies secure ₹310 crore worth of new orders in Q3FY25

Leading auto components manufacturer, Rane Group, said its group companies secured new business orders worth ₹310 crore during the December quarter. With these additions, the total new orders received in the first nine months of this fiscal surpassed ₹600 crore.

During Q3 of this fiscal, Rane Steering Systems secured orders worth ₹165 crore for EPS steering columns intended for domestic passenger vehicle applications. Rane Madras received new orders worth ₹45 crore from a domestic automaker for electric light commercial vehicle (LCV) applications.

ZF Rane obtained fresh orders worth ₹67 crore for occupant safety products. Additionally, it secured ₹7 crore worth of orders for steering products from various domestic commercial vehicle manufacturers, primarily for electric vehicle adoption.

Rane Engine Valve and Rane Brake Lining won orders amounting to ₹22 crore from a domestic passenger vehicle manufacturer, while Rane Brake Lining also received ₹5 crore in orders from various customers, including ₹1.8 crore from international clients.

In the previous quarters of this fiscal, Rane Group of Companies secured new orders worth ₹220 crore in Q2 and ₹104 crore in Q1.

The group’s aggregate sales for Q3FY25 increased by 3% to ₹1,807 crore compared to ₹1,750 crore in the corresponding period last year.

Revenue from Indian original equipment (OE) customers grew by 3%, driven by higher offtake in the passenger vehicle segment. Meanwhile, revenue from international customers saw a marginal 1% decline due to a slight drop in occupant safety product sales. The Indian aftermarket segment experienced a 14% revenue increase, fueled by stronger demand for steering and friction products, according to the company’s investor presentation.