Axles India Unlisted Shares

About Axles India Unlisted Shares

Axles India is a manufacturer of axle housings and other heavy-duty drivetrain products, specializing in medium and heavy commercial vehicles. It is a joint venture between Wheels India, Sundaram Finance, and Dana Holding Corporation, USA. Axles India was established in 1982 and has expanded to include facilities in Sriperumbudur and Cheyyar. Key Facts: Production: Axles India produces around 280,000 pressed axle housings annually. OEM Supply: They supply axle housings to major commercial vehicle manufacturers like Tata Motors, Ashok Leyland, and VE Commercial Vehicles. Exports: Axles India also exports to Dana in the USA and Volvo Trucks Asia. History: The company initially started as a joint venture with Eaton and later became part of Dana Holding Corporation in 1998. Expansion: Axles India has expanded its facilities and product lines over the years, including the addition of a facility for axle housings in Cheyyar and a drive head assembly facility. Financial Highlights: The company has shown consistent growth in revenue, with a total turnover increasing from ₹569.56 crore in 2021-22 to ₹853.88 crore in 2023-24.

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