Rane (Madras) has completed acquisition of the Friction Business of Hindustan Composites (HCL). The Business Transfer Agreement was signed on June 30, 2026 and was subject to customary regulatory approvals and other closing conditions. With the conditions having been fulfilled, the transaction has now been successfully completed.
HCL's Friction Business will be integrated into the company's Brake Components Business. The acquisition strengthens the company's established leadership in the friction business. The integration will proceed in a phased manner to maximize value for our customers and stakeholders, driving operational synergies while leveraging the complementary strengths of both businesses.
The acquisition is expected to be EPS accretive from the year one onwards, while creating further opportunities for revenue and operational synergies.
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.
