Vidyashankar Krishnan, CMD, M M Forgings Ltd | Photo Credit: BIJOY GHOSH

Chennai-based automotive component manufacturer MM Forgings Ltd is investing in capacity addition and is installing a new forging press, targeting revenue of nearly ₹2,000 crore in FY27.

“We are installing the world’s largest 16,500 tonne hot forging press in an investment of ₹230 crore to enhance its ability to manufacture heavy forged components for global commercial vehicle manufacturers,” MM Forgings CMD Vidyashankar Krishnan, told businessline. “The largest forging press currently operating in the world is a 16,000 tonne unit at Bharat Forge. Our new press will be larger,” he said.

Russia made press

The new forging press, manufactured in Russia and scheduled for commissioning by the end of the year, will enable MM Forgings to manufacture heavier front axle beams used in large commercial vehicles, as also crankshafts up to 300 kg in weight. Current facilities can forge components weighing up to about 120 kg, while the new press will be capable of handling axle beams weighing 170+ kg, opening opportunities in global heavy-truck markets, he said..

MM Forgings currently has an overall installed capacity of 1.2 lakh tonnes, which will rise to more than 1.5 lakh tonnes after the expansion, he said. The company operates eight manufacturing plants, including six in Tamil Nadu and two outside the State, he added.

Growth target

For FY27, the company aims to target one lakh tonnes of sales, supported by improved domestic demand and an expected recovery in the US commercial vehicle market. It expects to cross 90,000 tonnes in FY27, he said.

Domestic business contributed about 65 per cent of FY26 revenue, while exports accounted for the balance. Europe has overtaken the US as the company’s largest overseas market following a slowdown in the US truck industry last year.

“We expect revenue to rise to ₹1,800-1,900 crore this fiscal and could touch ₹2,000 crore if market conditions remain favourable,” he said. The company reported revenue of about ₹1,570 crore in FY26, a year that Krishnan described as one of “missed opportunities” due to project delays, US tariff-related uncertainties and the impact of the West Asia crisis on customer programmes, he added.

Automation push

Alongside capacity expansion, MM Forgings is accelerating factory automation to address labour shortages.

The company plans to deploy more than 150 industrial robots in a couple of years and eventually increase the number to 600-800 robots across its manufacturing operations over the next three to four years, Krishnan said, adding that the company presently has around 5,500 employees.

To support the transition, MM Forgings has established a 7,500 sq ft training centre at its Viralimalai facility to train employees in digital manufacturing and automated operations.

The company spent about ₹170 crore on capital expenditure in FY26 and plans to invest a similar amount during the current fiscal year.

Published on June 15, 2026