New Delhi, July 14 -- Shares of Pavna Industries surged over 4 percent on Monday, July 14, defying broader market weakness after the company announced that it had begun production and supply of oil pumps to Hero MotoCorp Limited (HMCL). The announcement marked a significant operational milestone for the company, which has now strengthened its ties with India's largest two-wheeler manufacturer.

Pavna Industries confirmed that its subsidiary, Pavna Sunworld Autotech, has commenced the supply of oil pumps for HMCL's best-selling models - Splendor and Glamour. These pumps will be supplied to all six of Hero MotoCorp's manufacturing plants across India. The company noted that production has already begun and will be progressively ramped up to...