RANE (MADRAS) LTD - Pioneering Automotive Excellence Since 1929 🚗🔧🌐

Established in 1929, RML has been a trailblazer in manufacturing steering and suspension linkage products, steering gear products, and specialized aluminum high-pressure die-casting products. RML serves as a vital supplier to major manufacturers of Passenger Vehicles, Utility Vehicles, and Farm Tractors. Association with the Rane Group: 🤝 RML leverages the prestigious 'Rane' brand name. Financial support has also been evident, with RHL infusing equity as and when needed. Collaborative supplies of components with other group companies to common customers contribute to the rationalization of freight costs. Market Trends and Growth Factors: 📈 The commercial vehicle sector is poised for an upward trajectory. 🚚 Replacement of older trucks with BS-6 compliant vehicles is a key driver. 📆 Over 65 lakh commercial vehicles in India, with approximately 6 lakh requiring replacement by April 2024. 🌐 New trucks, embodying higher efficiency, productivity, and reduced ownership costs. 🏗️ Positive impact from macro trends in mining, construction, and infrastructure on sales growth. Market Dynamics: 🔄 The Indian steering gear market is dominated by Rane Group and ZF Steering India Ltd in the commercial vehicle and tractor segments. 🤝 This duopoly commands a substantial ~90% of the total market share. Business Segments: 1. 86% of Rane Madras' business is derived from steering gears, hydrostatic steering systems, and steering and suspension linkage products. 2. Light Metal Castings Division - 8% of the revenue. 3. Auto Parts Division -4% of the revenue. Revenue Split: India: 71% and Rest of the World: 29% Clientele: Maruti Suzuki India Ltd, Tata Motors Ltd, Tractors and Farm Equipment Limited, Mahindra & Mahindra Ltd,etc... In conclusion, RANE (MADRAS) LTD stands as a cornerstone in the automotive industry, combining a rich history, strategic financial support, and diverse product offerings to drive innovation and growth. 🌟🚀🔧