Automotive Axles Share Price

Automotive Axles

CMP as on 02-Dec-21 15:48

₹ 1,288.00
25.60 2.03%

Open

₹ 1,264.00

Turnover (lac)

₹ 126

Prev. Close

₹ 1,262.40

Day's Vol (shares)

₹ 9,774

Day's Range (₹)

₹ 1,263.00
₹ 1,300.00

CMP as on02-Dec-21 15:29

₹ 1,275.00
10.45 0.83%

Open

₹ 1,273.40

Turnover (lac)

₹ 8

Prev. Close

₹ 1,264.55

Day's Vol (shares)

₹ 766

Day's Range

₹ 1,268.40
₹ 1,299.00

Promoted as a joint venture by the Kalyani group and Rockwell International Corporation, US, (35.52% stake) in 1981, Automotive Axles manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies. The companys Rs 30.3-cr project at Hootagali near Mysore, commenced commercial production in Jul.84. The company entered the capital market with a public issue.It came out of the purview of the Sick Industrial Companies Act, 1985. But, the very next year, its networth started to erode. So, in 1994-95, it embarked on a restructuring of the capital in consultation with financial institutions. The company came out with a rights issue in Feb.95 to part-finance an expansion project to increase the manufacturing capacity of axles and brakes.During 1996-97, the expansion of Axles capacity has been completed and of brakes was put on hold in view of down turn in the market.The company managed to achieve an impressive 20% growth in sales during the year 1999-2000. As the company is continuing to pursue its efforts on increasing penetration into other domestic and export market opportunities, Meritor HVS (India) Ltd has tied-up technical licensing arrangement for new products for Ashok Leyland and Volvo India Ltd., and already export business worth US $ 4 Million has been achieved.

  • Chairman

    Babasaheb N Kalyani
  • Independent Director

    B B Hattarki
  • Independent Director

    B C Prabhakar
  • Company Secretary

    Debadas Panda
  • Independent Director

    Rakesh Kalra
  • Independent Director

    Shalini Sarin
  • Additional Director

    Kenneth James Bogan

Registered Office

Hootagalli Industrial Area,
Off Hunsur Road,Mysore,
Karnataka-570018

REGISTRAR OFFICE

No. 30 Ramana Resid.,
Malleswaram,Bangalore - 560003
INDIA