Majestic Auto has shut down Motor Winding manufacturing line which was a part of its Motor manufacturing business vertical. The Motor Winding business required change of technology with substantial capital investment. Considering the market scenario, the company has decided not to invest and close down the current Winding line operations.
Majestic Auto is engaged in the manufacturing of mufflers, fine blanking components, electricals, spokes, and two wheelers spare parts. The Company operates in four segments: Fine Blanking Components, Mufflers, Spokes and Electricals.
