Sundaram Clayton (SCL), jointly promoted by T V Sundaram Iyengar & Sons and Clayton Dewandre Holdings (CDH), UK is engaged in the manufacture of air brakes actuation systems, which finds applications in automotive, non-automotive and industrial segments. It enjoys a virtual monopoly with over 90% market share in this particular product. SCL is not only prominent in the HCV segment but is also a supplier of castings to the passenger car segment. Incorporated in May '62, SCL entered into a licence and technical assistance agreement with Clayton Dewandre Company (CDC), UK, in Jun.'81 (which holds 39.17% stake) to manufacture system protection valves. The company also entered into technical assistance agreements with WABCO and Gahreugbremsem, Germany, to manufacture dual brake valves, trailor control valves and hand-operated brake valves. It entered into another technical assistance agreement with the Union Switch and Signal Division of American Standard, US, to manufacture signalling relays, point machines and related hardware. To meet the additional demand for scooter project of TVS-Suzuki, the company set up a foundry unit at Belagondapalli, Hosur, Tamilnadu with an annual capacity of 1,100. SCL subsidiaries are Harita Stocks Ltd, Anusha Investments Ltd, Auto (India) Engineering Ltd, TVS Investments Ltd, TVS Motor Company Ltd, Sundaram Auto Components Lts, Tvs Electronics Ltd and Tvs Finance and Services Ltd. During the year 2004-05 Auto (India) Engineering Ltd(AIEL), became a wholly owned subsidiary of SCL on 18th November with an authorized capital of Rs.5 lakhs. Brakes and foundry divisions were certified ISO 14001 accreditation during 2001-02. The company is planning to develop new technology products like drying and distribution unit,redesigned Type 24*80 spring brake actuator,vaccum brake valve with zero dead stroke and compressor with improved life. The die casting division was certified for TS 16949 during the year 2004-2005. As part of expansion programme SCL has completed the construction of a new plant at Ambattur and the manufacturing of air brake system was moved to the new plant in the year 2004-05. The new facility has been built at a cost of Rs.58 crores. This facility combines the strength of the two JV partners viz, the manufacturing capabilities of TVS and the product technology of WABCO to offer the world class braking products at affordable prices to the customers. SHL also installed a new 2500 tonne pressure die casting machine,the only one of its kind in India.