ASK Automotive ventures into high pressure die casted two-wheeler alloy wheels

The company has inked a strategic partnership with LIOHO Machine Works Limited, Taiwan.

Autocar Professional BureauBy Autocar Professional Bureau calendar 08 Feb 2024 Views icon8079 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
ASK Automotive ventures into high pressure die casted two-wheeler alloy wheels

ASK Automotive Limited, a prominent manufacturer of brake shoes and advanced braking systems for two-wheelers in India, has announced its foray into a new segment - High Pressure Die Casted Two-Wheeler (2W) Alloy Wheels. In a strategic move, the company has partnered with LIOHO Machine Works Limited, Taiwan, for technical expertise in developing this new product line.

The partnership with LIOHO Machine Works Limited spans over seven years and aims to leverage their technical assistance to design, develop, and manufacture high-quality Alloy Wheels for two-wheelers. The venture targets to commence production in Q4 FY25, with a focus on delivering superior safety and performance standards aligned with global benchmarks.

Kuldip Singh Rathee, Chairman and Managing Director of ASK Automotive Limited, expressed confidence in the venture, citing the company's extensive experience in the Indian automotive industry. He highlighted the increasing significance of alloy wheels across all segments of two-wheelers and emphasized ASK Automotive's commitment to setting new benchmarks in this segment.

The announcement comes after ASK Automotive's financial results, with significant growth in consolidated total income in Q3 FY24 and positive year-on-year growth in both income and PAT. The company's track record in supplying critical safety systems and precision solutions underscores its readiness to venture into the alloy wheel segment.

RELATED ARTICLES
Maruti Suzuki Sees India PV Industry Growing 1-2% in FY26; Expects to Outpace the Market Growth

auther Kiran Murali calendar12 May 2025

Maruti Suzuki’s growth is anticipated to exceed the overall passenger vehicle industry growth during the financial year ...

Gensol Engineering MD and Whole-time Director Resign Effective May 12

auther Sarthak Mahajan calendar12 May 2025

Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi step down from their positions effective ...

Vedanta Aluminium Develops Process to Recover Graphite from Aluminium Industry Waste

auther Sarthak Mahajan calendar12 May 2025

On National Technology Day 2025, Vedanta Aluminium announces a patented process that recovers battery-grade graphite fro...