Alicon Castalloy wins multi-year order from Jaguar Land Rover for eMobility platform

26 Sep 2022 , 01:47 PM

One of the leading integrated manufacturers of aluminum castings in India, Alicon Castalloy Ltd (Alicon), has announced that it has been selected by Jaguar Land Rover in the United Kingdom to supply the eAxle Housing, a critical product for their eMobility platform. The mentioned component is an integrated eMotor and Transmission Housing.

The order win is a multi-million dollar order for deliveries over 5 years and is the highest ever order win from a single customer for a single product in the Company’s history”, the company said. Further, the product will be manufactured at Alicon’s facility located at Pune, India.

This nomination showcases Alicon’s strong brand image in the industry, its expertise in manufacturing critical and complex components as well as its competitiveness on the worldwide stage. This order win adds to the momentum in the eMobility business, recently rebranded as Carbon Neutral, and validates its increasing global footprint.

At around 1:51 PM, Alicon Castalloy Ltd is currently trading at Rs883 per share down by Rs15.55 or 1.73% from its previous closing of Rs898.55 per share on the BSE.

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