RACL Geartech Secures ₹520 Crore BMW Deal, Strengthening E-Mobility Leadership

visibility 38 views calendar_month Nov 30, 2024

RACL Geartech Ltd, a small-cap leader in automotive and industrial gears, has secured a major contract with BMW AG to develop components for their electric sports car. This collaboration, expected to generate ₹520 crore in lifetime revenue, highlights RACL's expertise in e-mobility and commitment to sustainability, with production powered by green energy. Despite a 22% share price decline over the past year, the company’s robust customer base, growing revenue, and focus on innovation position it as a promising player in the EV supply chain. Investors should watch for long-term growth opportunities.

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