Carraro India Ltd. IPO

We are a technology driven integrated supplier that develops complex engineering products and solutions for OEM customers. As an independent tier 1 (i.e., directly supplies products to OEM) solution provider of axles, transmission systems and gears for the agricultural tractor and construction ... vehicle industries in India, we support the full value chain of services with in-house R&D and manufacturing capabilities. We provide a diverse range of products including axles and transmission systems of different HP ranges for off-highway vehicles in the agricultural tractor and construction vehicle sectors, as well as gears, shafts and ring gears for industrial and automotive vehicles. Read more

According to Markets and Markets, the global and Indian off-highway markets encompass construction vehicles and agricultural equipment (including tractors) segments. Global sales of construction vehicles and agricultural tractors are projected to increase from 3,560,000 units in CY2023 to ... 4,640,000 units by CY2029. According to Markets and Markets, the agricultural tractors volume in India grew at CAGR of 5.9% from 804,000 units in CY2019 to 1,011,700 units in CY2023. The sales volume of construction vehicles in India increased at CAGR of 4.2% from 92,500 units in CY2019 to 109,000 units in CY2023 and is expected to grow at CAGR of 5.0% from CY2024 to CY2029. Read more