Automobile Corporation Of Goa Ltd Company Summary

Automobile Corporation of Goa Limited (ACGL) was incorporated on 1 September, 1980 as a Public Limited Company. Company was jointly promoted by Economic Development Corporation of Goa Limited (EDC) a Government of Goa Undertaking and Tata Motors Limited. ACGL is a leading manufacturer of all types of bus variants, such as LCV, ICV, MCV, HCV, sleeper coaches, mobile vans, ambulances, defense vehicles, etc.

It is engaged in manufacture of pressed parts, sub assemblies for various range of automobiles and manufacture Bus bodies and components.In 1984-85, demand picked up, resulting in higher capacity utilisation and the company turned around, netting a profit of slightly over Rs 1 cr. Continuing the process, it added new components for various models of Tata vehicles.With the automobile industry maintaining the tempo, ACGL is poised for better days. In fact, with Telco projecting a significant increase in production over the next five years, ACGL is gearing up to meet this increased demand.

Further, the growing prosperity of potential consumers and the increasing number of comfort-seeking travellers augurs well for the bus body division. In future, Tata vehicles will also be fitted with Cummins engines, to meet international regulations, boosting the companys export potential. So, with improved prospects on both domestic and the export fronts, ACGL can look forward to improved capacity utilisation in the bus division.

Last but not the least, ACGLs ownership pattern witnessed certain major changes recently. Tata Exports bought a significant portion of the equity stake (around 21%) from EDC and is now he single largest shareholder. Together with the 10% holding of TELCO, the Tata group companies now have nearly a 31% stake in the company.During the year 2006-07, a Proto-type shop was established with all necessary facilities including manpower.During the year 2011-12, a few employees from Goa Unit were relocated at Jejuri Plant consequent to shifting of Pressings business there.

In 2013-14, Ashiyana Autobodies Private Limited has ceased to be an associate of the Company effective December 5, 2014.