RACL Geartech Ltd share Price

Promoted by Bharat Gears and PICUP, Raunaq Automotive Components (RAC) manufactures transmission gears and axle shafts for the automobile industry. The company`s manufacturing unit is situated at Gajraula in the Moradabad district of Uttar Pradesh. The company started commercial production in 1989. The company manufactures all types of transmission gears for a variety of vehicles including two-wheelers, tractors, cars and jeeps, LCVs and heavy vehicles. It also manufactures axle shafts mainly for heavy vehicles. The company`s products are mainly utilised by original equipment manufacturers (OEMs). Its clientele include Majestic Auto, Escorts, HMT, VST Tillers, Greaves and Telco, Ashok Leyland, Mahindra and Mahindra, etc. Since the company started commercial production, it faced many problems due to recession in the automobile industry and the communal riots all over the country. But during 1992-93, the company started getting orders from Escorts` tractor division, and Yamaha and Hero. Only in 1993-94 did the situation improve, after the auto industry started showing encouraging signals. Demand for two-wheelers and the subsequent demand for gears increased rapidly, and the company`s supplies to Hero Puch and Escorts Yamaha gave a boost to its production and sales. During this time, the company introduced their own brand Raunaq gears in the replacement market. The currently exports to Sri Lanka and Germany. It is also exploring the potential in UK and Turkey. The company has tie-up with M/s Piaggio Greaves Vehicles Ltd. for the supply of components who have launched their new model of three wheelers recently. The company is in the discussions to get export business from the OEM Customers like Piaggion,Italy,Fiat group etc.