Mahindra CIE Automotive Ltd - MAHINDRA CIE Share Price

Summary

Mahindra CIE Automotive Limited (MCAL) erstwhile Mahindra Forgings Limited is a multi-locational and multi-technology automotive components company with manufacturing facilities and engineering capabilities in India and in Germany, Spain, Lithuania, and Italy in the European continent as well as a plant in Mexico, North America. It has an established presence in each of these locations and supplies to automotive Original Equipment Manufacturers (OEMs) and their Tier 1 suppliers. MCIE is part of the CIE Automotive Group of Spain and is the CIE Automotive Groups vehicle for its forgings business globally. MCIE therefore draws from the vast and varied experience of the CIE group in partnering and co-developing products for the rapidly evolving Automotive industry. Presently, the Company is in the business of manufacture and supply of engine and chassis forged components for commercial and passenger vehicles, such as crankshafts, steering knuckles, stabilizer bars, gear blanks, front axle beams, levers, flanges, control arms, camshafts, connecting rods, pitman arms and piston rods and other non-automotive products. Mahindra Forgings Ltd was incorporated on August 13, 1999, as a public limited company with the name Mahindra Automotive Steels Ltd. In January 15, 2003, the company was converted into a private limited company and the name was changed to Mahindra Automotive Steels Pvt Ltd.As per the scheme of arrangement between the company and Amforge Industries Ltd, the entire... Read More