Automotive Axles Live Stock Price, Share Chart, Quotes, NSE, BSE

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Established in 1981, Automotive Axles (AAL) is a joint venture between Meritor Automotive, USA (formerly the automotive division of Rockwell International Corporation), a Fortune 500 company and the Kalyani Group. With manufacturing facilities at Hootagalli in Mysore, Karnataka, AAL is amongst the few independent manufacturers of rear drive axle assemblies in India. It has expanded capacities at a cost of Rs 51 million. AAL has a domestic OEM clientele which includes Ashok Leyland, Telco, Daewoo Motors, Mahindra & Mahindra, Volvo and Bharat Earth Movers. Ashok Leyland alone contributes close to 56% of its sales. 

The company is also a single source for drive axle assemblies for certain military applications. The company`s export market consists of clients like the Mercedes Benz joint venture in Indonesia and supply of drive axle assemblies to ArvinMeritor Plants in Brazil & China. AAL`s product range includes a wide range of rear drive axles catering to commercial vehicles ranging from 6 tons to 35 tons GCW, S-Cam actuated quick change air brakes and trailer axles. AAL is focusing on increasing penetration in export markets. Currently, 6% of its total revenues come from exports. 

However, with Meritor Heavy Vehicle Systems, USA, AAL is upgrading technology to enhance exports in the future. Accordingly, the company is also setting up a new gear sets facility for the export market.

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