Rane Madras to invest $20 million in RPDC
22nd Mar 2019

Rane (Madras) has received approval to invest up to $20 million in Rane Precision Die Casting Inc., USA (RPDC), step down subsidiary, through Rane (Madras) International Holdings B V, The Netherlands (RMIH), Wholly Owned Subsidiary of the Company, over the next five years. The Board of Directors of the Company at its meeting held on March 21, 2019 has approved the same.

Rane (Madras) is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors.