The Taiwan-headquartered company experienced significant order growth during the year's first half, driven primarily by increased demand from luxury European and Japanese automotive brands, including Toyota, Jaguar Land Rover, Porsche, BMW, and Ferrari. This surge in orders effectively counterbalanced a decline in shipments to American brands.
As the tier-one supplier of world-leading automakers, SAI have experience in product design for leading European, US, and Japanese automakers, with customers located worldwide.
Revenue for the period was notably diversified, with 61 per cent coming from European brands, 20 per cent from Japanese brands, 12 per cent from American brands, and the remaining 7 per cent from other customers. Notably, revenue from Japanese brands surged by 83 per cent, while European brands saw a 12.9 per cent increase compared to the same period in 2023.
Hindalco signs MoU to invest ₹15000 crore in aluminium capacity expansion in Madhya Pradesh
EU expands sanctions on Russian aluminium: industry calls for closing loopholes
Fundamental weakness makes it difficult to sustain upward momentum in aluminium prices; short-term price correction observed
