Gujarat Automotive Gears (GAGL) has entered into a new line of business i.e. wheel bolts and hub bolts for European Truck application and started getting orders from Italy and Germany. The company expects to do substantial business in this segment in the current calendar year.
GAGL has been able to increase its product portfolio with a Belgium customer and now has a product range of 800 odd components from them. This customer is one the world’s largest suppliers of fork lift pats. GAGL expects to double its business with this customer in the year 2015.
Further, the company has added a new customer in UAE who are large distributors of truck parts all over middle-East. The company expects to do a very good business with this new customer in the current year.