Rane (Madras) gets nod to acquire Steering Components Business of Hical Group
12th Oct 2021

Rane (Madras) has received an approval for the acquisition of the Steering Components Business (SCB) of Yagachi Technologies (YTPL), a part of Hical Group. The acquisition of Steering Components Business of Yagachi will enhance the company’s leadership position and share in the domestic passenger vehicle market and provide opportunity to enter export vehicle platforms to new geographies.

SCB manufactures steering and suspension components such as Inner Ball Joints (IBJ) and Outer Ball Joints (OBJ). The division's major customers include Mando India, who in turn serve OEMs such as Hyundai, Kia, Mahindra, etc. SCB has a technical collaboration with a leading South Korean ball joint company. The Board of Directors of the company has on October 11, 2021, 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.