Rane (Madras) has received approval for setting up of a Wholly Owned Subsidiary in Mexico viz., Rane Automotive Components Mexico S de R.L. de C.V. (RACM). RACM will establish a greenfield manufacturing facility to manufacture steering and linkage auto components catering to customers in Mexico and North American Region. The Investment Committee of the Board of Directors of the Company at its meeting held on September 28, 2023, has approved the same.
Rane (Madras) is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors.
