Abilities India to drive revenue growth with patented technologies in the new fiscal

Announces patent for revolutionary High-Pressure Die Casting (HPDC) process for lightweight piston manufacturing, projected to reduce 2W/3W piston weight by 10-15%.

Autocar Pro News Desk By Autocar Pro News Desk calendar 07 Jun 2024 Views icon2684 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Tushar Arora, Jt. MD & CEO, Abilities India Pistons & Rings

Tushar Arora, Jt. MD & CEO, Abilities India Pistons & Rings

Abilities India Pistons & Rings Ltd. (Abilities India), a prominent manufacturer in the automotive industry specializing in Pistons, Piston Rings, Gravity Casting, Pressure Die Casting, and Coatings, proudly announces the grant of its second patent for its innovative High-Pressure Die Casting (HPDC) process. This cutting-edge technology is set to reduce the weight of pistons for two- and three-wheelers by 10-15%, leading to an annual aluminium saving of 307.5 tons based on the current production of 20 million vehicles. By 2030, this saving is expected to increase to 461.25 tons annually, with corresponding carbon emission reductions of 920 tons per annum currently and 1380 tons per annum by 2030.

Abilities India plans to leverage this patented technology both domestically and internationally while also developing critical components to support the self-reliance goals of major Indian Original Equipment Manufacturers (OEMs).

The company reported a notable revenue of Rs 128 crore in FY24 and is set for substantial growth driven by technological advancements. It aims to achieve a top line of approximately Rs 225 crores by FY 2026 and increase its EBITDA from 14% in FY 2024 to around 16% by FY 2026. To support this growth trajectory, Abilities India will double its R&D team size and increase R&D fund allocation to 3% of revenue. The current manufacturing facility, covering 5 acres with a built-up area of 14,153 square meters, will be expanded by an additional 3000 square meters in FY25/26 with an investment of Rs 20 crores, adding to the Rs 17 crores invested in FY24.

Traditionally, pistons for gasoline and diesel engines are manufactured using the Gravity Die Casting (GDC) process, which is optimized for mass production but limited by thicker wall thicknesses and higher machining allowances. In contrast, Abilities India's HPDC process revolutionizes piston manufacturing by using high pressure to shape molten metal within a mould, allowing for intricate contours and precise geometry with minimal machining. This innovation is applicable to various piston types and represents a significant advancement in engine component technology, meeting stringent emission regulations for both 2-stroke and 4-stroke engines. The HPDC process addresses the automotive industry's evolving needs for lightweight, high-performance components and tightening emission standards.

Sunil Arora, Chairman and MD, Abilities India Pistons & Rings Ltd. said, "At Abilities India, we are dedicated to pioneering research and technological advancements within the auto components industry. Our second patent underscores our unwavering commitment to innovation and sustainability in automotive manufacturing. With the development of this cutting-edge manufacturing process, we are improving engine performance and actively reducing emissions, thus shaping the future of automotive technology. This milestone reinforces our position as leaders in sustainable and efficient solutions for the global mobility domain."

Tushar Arora, Jt. MD & CEO, Abilities India Pistons & Rings Ltd. commented, "Our newly patented High-Pressure die-casting process is a game-changer for the automotive industry. By reducing piston weight, we are enhancing fuel efficiency and engine performance while also cutting down on material usage and carbon emissions. We are excited about the transformative potential of this technology."

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