AUTOMOTIVE AXLES LTD. SHARE PRICE [LIVE]

  
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1,948.05
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1,950.00
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Name Mar 21 Dec 20

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Frequently Asked Questions

What is the Share price of AUTOMOTIVE AXLES LTD. (AUTOAXLES)?

AUTOMOTIVE AXLES LTD. (AUTOAXLES) share price as of September 30, 2022, on NSE is Rs 1,948.05 (NSE) and Rs 1,950.00 (BSE) on BSE.

Can I buy AUTOMOTIVE AXLES LTD. (AUTOAXLES) shares?

Yes, You can buy AUTOMOTIVE AXLES LTD. (AUTOAXLES) shares by opening a Demat account with Angel One.

How do I buy AUTOMOTIVE AXLES LTD. (AUTOAXLES) from Angel One?

AUTOMOTIVE AXLES LTD. (AUTOAXLES) share can be brought through the following modes:
  1. Direct investment: You can buy AUTOMOTIVE AXLES LTD. (AUTOAXLES) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to AUTOMOTIVE AXLES LTD. (AUTOAXLES) shares.

In which sector do AUTOMOTIVE AXLES LTD. (AUTOAXLES) belong?

AUTOMOTIVE AXLES LTD. (AUTOAXLES) belongs to Auto Anc.

About AUTOAXLES

Today's live share price for AUTOMOTIVE AXLES LTD. is NSE: ₹ 1,948.05, BSE: ₹ 1,950.00 with a current market capitalization of .

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 company's 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.

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