Rico Auto Industries

What Rico Auto Industries does

Rico Auto Industries Limited is a publicly listed Indian Tier-1 automotive component manufacturer (incorporated 1983, Haryana; CIN L34300HR1983PLC023187) that designs, casts, machines, and assembles high-precision fully machined aluminum and ferrous components for global automotive OEMs. Its manufacturing platform is anchored by one of India's largest High Pressure Die Casting facilities (100+ HPDC machines from 135 to 2,500 ton locking force producing 50,000+ MT per annum of aluminum alloys including ADC 12, ADC 14, LM24, A380, A383, ENAC46500, A356), a ferrous casting operation (four automatic moulding lines producing 40,000+ MT per annum of Gray Iron, Ductile Iron, SiMo, and SiMo Cr), and the country's largest machining footprint with 1,500+ CNC machines and SPMs supplemented by an in-house die, pattern, and tooling capability (200+ dies and 600 die inserts annually).

The product portfolio spans powertrain and chassis modules — oil pump assemblies (500,000 units/year), crank cases and covers (1 million units/year), clutch assemblies (3.5 million units/year), engine brackets (4.2 million units/year), wheel hub assemblies (7 million sets/year), brake discs (1.2 million units/year), cylinder heads (aluminum), cylinder blocks (ferrous), differential case housings (600,000 units/year), flywheels, intake/exhaust manifolds, gear housings, balance shaft assemblies, and turbine housings. Defense products (Tank Track Shoes, Fuze Body and Assembly) are produced through the wholly-owned AAN Engineering Industries subsidiary, and aluminum alloy wheels for two-wheelers are produced through the RICO JINFEI joint venture with Jinfei China.

The company sells primarily on negotiated multi-year B2B contracts to a diversified base of more than 20 enterprise OEMs across passenger cars (Maruti Suzuki, Ford, GM, Nissan, Volvo, Jaguar, Land Rover, BMW, Tata Motors), two-wheelers (Hero MotoCorp, Honda, Bajaj), commercial vehicles (Caterpillar, Cummins, Detroit Diesel, Perkins, Komatsu), and Tier-1 system suppliers (Magna International, GKN, Allison Transmissions, JATCO, Honeywell, Musashi, Kohler). Consolidated group turnover exceeds US$ 245 Million, generated through hardware sales of manufactured components. Distribution is anchored by wholly-owned engineering, assembly, logistics, warehousing, and JIT-delivery subsidiaries in Michigan, USA and London, UK, plus JV operations in China. Certifications include ISO 9001, ISO/TS 16949, ISO 14001, OHSAS 18001, and Ford Q1 (since July 2007).

Name

Rico Auto Industries

Legal name

Rico Auto Industries Limited

Website

https://ricoauto.in

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rico Auto Industries is an Indian Tier-1 automotive manufacturer producing precision-machined aluminum HPDC and ferrous components — engine, transmission, brake, and chassis parts — for global passenger car, two-wheeler, and commercial vehicle OEMs and Tier-1 system suppliers, with manufacturing in India and logistics/assembly operations in the USA, UK, and China.

Ownership category

akta.pro rank

Product category

Automotive Component Manufacturing

NAICS

Motor Vehicle Parts Manufacturing (3363), Alumina and Aluminum Production and Processing (33131)

akta.pro primary industry

Aluminum Value-Added Components (Automotive, Aerospace, Packaging, Building Systems) (IMAKACAM)

akta.pro secondary industries

Aluminum Casting & Ingot/Billet/Slab Production (IMAKACAE), Steering Systems & Components (Columns/Racks/EPS Pumps & Motors) (IMACAIAB)

Keywords

• Automotive component manufacturing
• Aluminum die casting
• Ferrous casting services
• CNC precision machining
• OEM automotive parts

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Automotive Component Manufacturing & Sales: Rico manufactures and supplies high-precision fully machined aluminum and ferrous components and assemblies to automotive OEMs globally. Revenue is generated through the sale of manufactured components including oil pumps, fuel system parts, cylinder heads, engine blocks, transmission components, brake systems, and wheel assemblies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rico Auto Industries manufactures and supplies high-precision fully machined aluminum and ferrous components and assemblies to automotive OEMs globally, including oil pump assemblies, fuel system parts, crank cases, cylinder heads, cylinder blocks, clutch assemblies, wheel hubs, brake discs, and transmission components. Production is delivered through vertically integrated capabilities covering High Pressure Die Casting, ferrous casting, CNC machining, and assembly, with in-house design, tooling, and R&D services. The company also offers aluminum alloy wheels for two wheelers through the RICO JINFEI joint venture and defense products (tank track shoes, fuze bodies and assemblies) through subsidiary AAN Engineering Industries Limited.

Product overview

Rico Auto Industries is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe. The company operates as a single unified manufacturing platform offering integrated services including design, development, tooling, casting, machining, and assembly. The product portfolio comprises core automotive components such as Oil Pump Assembly, Fuel System Parts, Crank Cases & Covers, Cylinder Blocks (Ferrous), Cylinder Heads (Aluminum), Clutch Assembly, Wheel Hubs Assembly (7 Million Sets annually), Brake Discs (1.2 Million annually), Engine Brackets (4.2 Million annually), and various other engine and transmission components. Manufacturing capabilities include Aluminum High Pressure Die Casting (50,000+ MT capacity), Ferrous Casting (40,000+ MT capacity), and Machining & Assembly (1500+ CNC machines). The company also operates joint ventures including RICO JINFEI for aluminum alloy wheels and AAN Engineering for defense products (Tank Track Shoe, Fuze Body & Assembly). The consolidated group turnover exceeds US$ 245 Million.

Differentiator

Problem solved

Functional benefit

Brands

• Rico Jinfei: Joint venture for aluminum alloy wheels for two wheelers

Products and services

• Aluminum High Pressure Die Casting

Quantifiable outcome

• Consolidated group total turnover exceeding US$ 245 Million
• +2 more outcomes

Named customers24 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Jinfei (92.5:7.5 JV)coreStrategic or Co-development Partner · 1 January 2007Joint venture (92.5:7.5) with Jinfei China for manufacturing Aluminum Alloy Wheels for Two Wheelers. Start of production in early 2008 with planned capacity of 1 Million wheels in first phase. Jinfei established in 1959, among top three motorcycle Al Alloy Wheel manufacturers in China with main customers including Honda, Yamaha, Suzuki, Piaggio.
• Continental Germany (50:50 JV)minorStrategic or Co-development Partner · 1 January 2007Joint venture (50:50) with Continental Germany for Hydraulic Brakes. The stake was later divested.
• Magna International (50:50 JV)coreStrategic or Co-development Partner · 1 January 2007Joint venture (50:50) with Magna International for Oil and Water Pump components.
• FCC RICO (50:50 JV)minorStrategic or Co-development Partner · 1 January 1994Joint venture (50:50) with FCC Japan for automotive components. This JV was later divested.
• AAN Engineering Industries LimitedcoreOthersSubsidiary company for Tank Track Shoe, Fuze Body & Fuze Assembly. Established as defense vertical within the Rico group.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Varroc Engineering: Indian automotive component manufacturer producing lighting, electrical, and aluminum die-cast parts for global OEMs. Direct competitor in aluminum components with similar two-wheeler and passenger vehicle customer base.
• Suprajit Engineering: Indian automotive component manufacturer producing control cables, speedo cables, and other precision components. Comparable precision component manufacturer with global OEM customers in automotive sector.
• Minda Industries (Uno Minda): Indian auto component manufacturer producing automotive switches, lighting, and aluminum die-cast components. Comparable Indian Tier 1 supplier serving similar OEM customer base including Maruti Suzuki and two-wheeler OEMs.
• Motherson Sumi Systems (Samvardhana Motherson): One of India's largest automotive component manufacturers with global operations across wiring harnesses, polymers, and modules. Comparable Tier 1 supplier model with extensive overseas manufacturing footprint serving similar OEM customers.
• Sundaram Fasteners: Indian manufacturer of high-tensile fasteners, powder metallurgy parts, and automotive components. Comparable precision metal component manufacturer serving automotive OEMs in India and internationally.
• Bharat Forge: India's largest auto component manufacturer producing precision forged and machined components for global OEMs. Highly comparable vertically integrated platform serving passenger car, commercial vehicle, and two-wheeler segments with similar customer base including automotive Tier 1s.
• Mahindra CIE Automotive: Indian subsidiary of Spanish automotive component manufacturer CIE Automotive, producing castings, forgings, and machined components. Highly comparable vertical integration model and customer overlap in passenger and commercial vehicles.
• Endurance Technologies: Indian automotive component manufacturer specializing in aluminum die-casting, suspension, transmission, and braking components. Direct competitor in aluminum HPDC technology with overlapping customer base across two-wheeler and passenger car OEMs.
• Sansera Engineering: Indian precision engineering company manufacturing connecting rod, rocker arm, gear, and crankshaft assemblies. Comparable precision machined component supplier serving passenger car and two-wheeler OEMs with similar global customer footprint.

Broad incumbents

• Bosch India (Robert Bosch India): Subsidiary of global automotive technology leader Robert Bosch, manufacturing automotive components, systems, and aftermarket products in India. Broader portfolio with significant electronics and software capabilities, but overlaps with Rico in powertrain components.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rico-fluidtronics-limited

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rico Auto Industries