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2025-01-29 11:23:29 am | Source: Accord Fintech
Autoline Industries shines on securing order worth Rs 30 crore from M&M
Autoline Industries shines on securing order worth Rs 30 crore from M&M

Autoline Industries is currently trading at Rs. 93.95, up by 4.70 points or 5.27% from its previous closing of Rs. 89.25 on the BSE.

The scrip opened at Rs. 86.05 and has touched a high and low of Rs. 94.90 and Rs. 86.05 respectively. So far 3430 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.20 on 15-Feb-2024 and a 52 week low of Rs. 86.00 on 28-Jan-2025.

Last one week high and low of the scrip stood at Rs. 99.35 and Rs. 86.00 respectively. The current market cap of the company is Rs. 406.50 crore.

The promoters holding in the company stood at 30.14%, while Institutions and Non-Institutions held 17.16% and 52.71% respectively.

Autoline Industries has received landmark purchase order from Mahindra & Mahindra (M&M) for their flagship models, Scorpio and XUV 3XO. This achievement highlights the trust placed in Autoline by one of India’s top automotive manufacturers and underscores its dedication to innovation, excellence, and customer satisfaction. The order includes four critical components, two for each model, and is projected to generate annual revenue of approximately Rs 30 crore, marking a key milestone in the company’s growth journey. 

A pivotal factor in this partnership is Autoline’s Industry 4.0-enabled manufacturing facility in Pune. Featuring advanced automation and data-driven technology, this cutting-edge unit ensures precision, quality, and efficiency at every stage of production. The combination of this readiness with its robust expertise sets a new benchmark in meeting the stringent demands of global automotive leaders like M&M.

Autoline Industries is engaged in manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc.

 

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