Sundaram Clayton to Sell Hosur Aluminium Die-casting Business

Sundaram-Clayton Ltd, a leading automotive components manufacturer, announced today that its Board of Directors has approved the sale of its aluminium die-casting businesses at the Hosur plant to third-party purchasers. The decision was made during a board meeting held on February 19.

Divestment Of Plant

According to the company’s disclosure to stock exchanges, both high-pressure and low-pressure aluminium die-casting operations at the Hosur facility will be divested. However, key details of the transaction remain undetermined, including the final structure of the deal, the identity of the potential buyer and sale consideration.

Aluminium die-casting is a manufacturing process where molten aluminium is forced under high pressure into reusable steel moulds (called dies) to create precisely shaped metal components. This process is widely used in the automotive, aerospace, and consumer electronics industries.

The company possesses expertise in both high-pressure die-casting, ideal for complex, large-scale production, and low-pressure die-casting, which excels in producing structurally sound components with enhanced mechanical properties

About Company

The Chennai-based company, formerly known as Sundaram-Clayton DCD Limited, informed the BSE Limited and National Stock Exchange of India that it will make further disclosures upon execution of definitive agreements. The company noted that the completion of any transaction will be subject to regulatory approvals and other required permissions.

Effective June 16, Sundaram Clayton Ltd. (SCL) has undergone a name change. This change is the result of the merger between TVS Holdings Pvt. Ltd. and SCL. Following the merger, TVSH now serves as the promoter of TVS Motor Co., holding a 50.26% stake.

Share Price Performance

At 10:26 AM on February 20, 2025, Sundaram-Clayton Ltd shares traded at ₹2,445.25 per share on the NSE.

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