15-05-2025
- Automotive
- Business Upturn
Remsons Industries wins Rs 300 crore order from Stellantis North America; Stock jumps 11%
Auto component manufacturer Remsons Industries Limited has secured one of the largest orders in its history, receiving a ₹300 crore business award from Stellantis N.V., North America. The company announced the development in a regulatory filing on May 15, 2025, after market hours.
According to the disclosure, the contract pertains to the supply of auto control cables for Stellantis' Smart Cars, Jeep, and Three-Wheeler segments. The contract spans a period of up to seven years, with deliveries expected to commence from the next financial year. The order includes standard commercial terms such as quality parameters, pricing agreements, and delivery schedules mutually agreed upon by both parties.
The order was awarded by Stellantis' North America unit and qualifies as an international contract. Remsons clarified that there is no promoter or related party interest involved in the deal.
The company said the award strengthens its positioning as a leading player in the control cable segment and underscores its capability to deliver to major global OEMs.
Meanwhile, shares of Remsons Industries surged as much as 11% in early trade following the announcement. The stock opened at ₹119.28 and rallied to an intraday high of ₹141.21 and is currently trading at ₹132.00, up 9.98% from the previous close. stemming from this strategic win.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
