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WABCO India Ltd.

BSE: 533023 Sector: Auto
NSE: WABCOINDIA ISIN Code: INE342J01019
BSE LIVE 15:40 | 14 Dec 7079.15 33.85
(0.48%)
OPEN

7088.95

HIGH

7115.70

LOW

6977.00

NSE 15:31 | 14 Dec 7115.80 42.10
(0.60%)
OPEN

7168.40

HIGH

7168.40

LOW

6990.00

OPEN 7088.95
PREVIOUS CLOSE 7045.30
VOLUME 379
52-Week high 7328.80
52-Week low 4784.00
P/E 59.87
Mkt Cap.(Rs cr) 13,422
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7088.95
CLOSE 7045.30
VOLUME 379
52-Week high 7328.80
52-Week low 4784.00
P/E 59.87
Mkt Cap.(Rs cr) 13,422
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

WABCO India Ltd. (WABCOINDIA) - Company History

WABCO India Ltd (Formerly known as WABCO-TVS India Ltd) is the leading provider for air brake actuation systems for commercial vehicles. The company is a joint venture between TVS Group and WABCO Holdings Inc. The company supplies original equipment fitments for vehicles and trailers manufactures. They have three manufacturing facilities two in Chennai Tamil Nadu and one in Jamshedpur Jharkhand. The company has pioneered the manufacture of air-assisted and air brake systems for commercial vehicles in India. Their products include air compressors actuation systems control valves anti-lock brake systems and electronic brake systems. Their customers include Ashok Leyland Tata Motors Vehicle Factory (Jabalpur) Bharat Earthmovers Tafe Volvo Sutlej Caterpillar Eicher Motors Swaraj Mazda Force Motors Mahindra & Mahindra Tata Cummins (Engines).The company was incorporated on November 18 2004 as a public limited company with the name Auto (India) Engineering Ltd. The company was established as a wholly owned subsidiary of Sundaram Clayton Ltd. In April 19 2007 the name of the company was changed to WABCO-TVS India Ltd.During the year 2007-08 the company commenced operations in their new manufacturing facility in a Special Economic Zone (SEZ) at Mahindra World City near Chennai. In March 2008 the company entered into the scheme with Sundaram Clayton Ltd in which the company took over the Brakes Business of Sundaram Clayton Ltd with effect from the appointed date January 1 2007. In June 3 2009 WABCO Holdings Inc USA a global technology leader and tier-one supplier to the commercial vehicle industry raised their ownership position through indirectly owned subsidiary Clayton Dewandre Holdings Ltd Rotterdam to 75% which acquired 6795684 equity shares from the Indian promoters namely TVS group constituting 35.83% of the paid up capital of the company. Thus the company became the subsidiary of Clayton Dewandre Holdings Ltd.During the year 2009-10 the company obtained Super Platinum award for their manufacturing excellence from Frost & Sullivan. In February 2010 the company agreed to an agreement with Mahindra Navistar Automotives Ltd for development and long term supply of air compressor technology products for braking systems and clutch servo technology with series production starting in 2010.During 2011 Company changed its name from Wabco-TVS (India) Ltd. to WABCO India Ltd. 2012. The company inaugurated its new manufacturing facility at pantnagar Uttarkhand. The company also inaugurated its plant 2 at SEZ Mahindra worldcity Chennai.During 2015 the company received various awards like Daimler Indias Innovations Award for the year 2014-15 Tata Motors Supplier of the year award for the year 2014-15 Ashok Leylands Best in class performance in Quality award for the year 2014-15 Volvo Eicher Overall cost excellence award for 2015.