WABCO India Ltd Share Price WABCO India

6,082.00

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6,080.00

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Independent Director Narayan K Seshadri
Managing Director P Kaniappan
Chairman & Independent Directo M Lakshminarayan
Director Lisa J Brown
Director Sean Ernest Deason
Company Secretary M C Gokul
Independent Director Lakshmi Venu
Non Executive Director Christian Brenneke
Non Executive Director Philippe Colpron

WABCO India Ltd (Formerly known as WABCO-TVS India Ltd) is a leading supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles in India. The company designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems. Its customers include Ashok Leyland, Tata Motors, Vehicle Factory (Jabalpur), Bharat Earthmovers, Tafe, Volvo, Sutlej, Caterpillar, Eicher Motors, Swaraj Mazda, Force Motors, Mahindra & Mahindra, Tata Cummins (Engines). WABCO India operates five manufacturing facilities across India, an advanced technology development center, a vehicle testing facility and a nation-wide aftermarket distribution and services network. WABCO India is a subsidiary of WABCO Holdings Inc. USA, a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. WABCO Holdings Inc. through WABCO Asia Private Limited, Singapore holds 75% stake in WABCO India (as per the shareholding pattern as on 30 September 2018).The company was incorporated on November 18, 2004 as a public limited company with the name Auto (India) Engineering Ltd. The company was established as a wholly owned subsidiary of Sundaram Clayton Ltd. In April 19, 2007, the name of the company was changed to WABCO-TVS India Ltd.During the year 2007-08, the company commenced operations in their new manufacturing facility in a Special Economic Zone (SEZ) at Mahindra World City near Chennai. In March 2008, the company entered into the scheme with Sundaram Clayton Ltd in which the company took over the Brakes Business of Sundaram Clayton Ltd with effect from the appointed date January 1, 2007. In June 3, 2009, WABCO Holdings Inc, USA a global technology leader and tier-one supplier to the commercial vehicle industry, raised their ownership position through indirectly owned subsidiary Clayton Dewandre Holdings Ltd, Rotterdam to 75%, which acquired 67,95,684 equity shares from the Indian promoters, namely TVS group, constituting 35.83% of the paid up capital of the company. Thus, the company became the subsidiary of Clayton Dewandre Holdings Ltd.During the year 2009-10, the company obtained Super Platinum award, for their manufacturing excellence from Frost & Sullivan. In February 2010, the company agreed to an agreement with Mahindra Navistar Automotives Ltd for development and long term supply of air compressor technology, products for braking systems and clutch servo technology with series production starting in 2010.During 2011, Company changed its name from Wabco-TVS (India) Ltd. to WABCO India Ltd. In 2012, the company inaugurated its new manufacturing facility at Pantnagar, Uttarkhand. The company also inaugurated its plant 2 at SEZ, Mahindra worldcity, Chennai.During 2015, the company received various awards like, Daimler Indias Innovations Award for the year 2014-15, Tata Motors Supplier of the year award for the year 2014-15, Ashok Leylands Best in class performance in Quality award for the year 2014-15, Volvo Eicher Overall cost excellence award for 2015.On 1 April 2016, WABCO India informed the stock exchanges that the company has entered into an agreement which is on arms-length basis with M/s WABCO Europe BVBA, a related party, for payment of royalty at the rate of 4% on the net sales for using licensed intangibles and technical knowhow.

REGISTERED OFFICE

Plot No 3 (SP) III Main Road,
Ambattur Industrial Estate,Chennai,
Tamil Nadu-600058

Tell. : +91-44-42242000
Website : http://www.wabcoindia.com
Email : info.india@wabco-auto.com

REGISTRAR OFFICE

Jayalakshmi Estates,
,Chennai - 600006
INDIA

Tell. : +91-044-28284959/2830
Website : www.sundaramclayton.com
Email : investorservices@tvs-e.in