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Pavna Industries Limited a manufacturers of wide range of automotive parts for OEMs serving different vehicle segments including passenger vehicles two-wheelers three-wheelers heavy and light commercial vehicles and off-road vehicles has informed exchanges that one of its subsidiary companies Pavna Sunworld Autotech Pvt. Ltd. has successfully commenced the production and supply of oil pumps to Hero MotoCorp Ltd. (HMCL) – India’s largest two-wheeler manufacturer. Pavna Sunworld Autotech has been commissioned with the supply of oil pumps for HMCLs volume leaders — Splendor and Glamour for supply to all six of HMCLs Indian plants. This is a milestone in Pavnas increasing association with marquee OEMs and reflects its focus on quality and timely delivery. It has started ramp-up production which will be scaled up progressively rising to 50000 units monthly over the next three to four months the company said. Meanwhile shares of the company gained today and were trading at Rs 427 at the time of writing the report. This was a gain of 3.13 per cent from the previous close of Rs 414.05 on the BSE. The 52-week high of the stock is Rs 759.55 and the 52-week low is Rs 295.20. Meanwhile benchmark indices Sensex and Nifty dropped in early trade on Monday amid selling pressure in IT stocks and foreign fund outflows. The 30-share BSE Sensex declined 232.93 points to 82267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25078.45. From the Sensex firms Bajaj Finance Infosys Tech Mahindra Bharti Airtel HCL Tech and Asian Paints were among the biggest laggards. However Trent Axis Bank Mahindra & Mahindra and NTPC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5104.22 crore on Friday according to exchange data.