Automotive Axles Share Price Live
AUTOAXLES
Small Cap | Auto Ancillaries
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About Automotive Axles
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.
Parent Organisation
Kalyani
Managing Director
Baba Kalyani
Founded
1981
NSE Symbol
AUTOAXLES
Community Discussion
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AngelOne
10th July 2024
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AngelOne
10th July 2024
Automotive Axles Ltd-latest-market-updates-58680
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Automotive Axles Ltd FAQs
What is the share price of Automotive Axles Ltd (AUTOAXLES) shares?
Automotive Axles Ltd (AUTOAXLES) share price as of July 26, 2024, on NSE is Rs 2080 (NSE) and Rs 2080 (BSE) on BSE.
Can I buy Automotive Axles Ltd (AUTOAXLES) from Angel One?
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 bought 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.
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.
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