Rane Madras acquires Yagachi Technologies to boost PV biz

Rane Madras Ltd (RML), part of the Rane Group on Wednesday announced its Board of Directors has approved the acquisition of the Steering Components Business (SCB) of Yagachi Technologies Private Ltd (YTPL) which is a part of Hical Group.

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Updated:14th Oct, 2021 at 8:27 AM

Chennai

Rane (Madras) manufactures steering and suspension products and light metal casting components. SCB produces steering and suspension components such as inner ball joints and outer ball joints. The division’s major customers include Mando India which serves OEMs like Hyundai, Kia, Mahindra. Harish Lakshman, VC, Rane Group, said in a statement the all-cash deal would enhance RML’s leadership position and share in domestic passenger vehicle (PV) market.

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Rane Madras acquires Yagachi Technologies to boost PV biz

Rane Madras Ltd (RML), part of the Rane Group on Wednesday announced its Board of Directors has approved the acquisition of the Steering Components Business (SCB) of Yagachi Technologies Private Ltd (YTPL) which is a part of Hical Group.

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