Automotive Axles Limited Recommends Dividend for the Financial Year 2022-23

Automotive Axles Limited is an India-based company, which is primarily engaged in manufacturing of axles and brakes in Mysore, Rudrapur, and Jamshedpur. The Company operates through the segment of manufacturing and sale of automotive components. The Company manufactures drive axles, non-drive axles, front steer axles, off-highway axles, drum and disc brakes and suspension. It provides these products to the major domestic and global manufacturers of trucks and buses, such as light, medium and heavy commercial vehicles, military and off-highway vehicles and the aftermarket. The Company has a portfolio of auto components, and it also designs engineering modules or systems comprising gearing, integral brake to axle design, weight option designs and driver-operated differential locks. The Company has manufacturing facilities located at Mysuru (Karnataka), Rudrapur (Uttarakhand), Jamshedpur (Jharkhand) and Hosur (Tamil Nadu).