"Q1 has been relatively good; and we hope the auto industry continues to grow in the coming quarters. Setco is continuing its focus on new product development, testing and introduction. Further we are continuing our expansion program into new markets and products and are on target for the same," said Harish Sheth, Chairman & Managing Director, Setco Automotive Limited.

The company employs more than 700 people globally. It is a Tier I supplier of clutches to all major Indian commercial vehicle manufacturers with a customer base inclusive of prominent names such as Tata Motors, Ashok Leyland and Volvo Eicher commercial Vehicles, AMW, amongst others.

Setco has strategic global footprint with 4 manufacturing facilities globally, 2 in India, and 1 each in UK and USA, with its corporate base in Mumbai, India. Setco’s R&D base is also strategically set up in Europe and India.