| Advanced Braking Systems (ABS) | Manufacture of brake shoes, pads, and related components for 2W, 3W, PV, and CV OEMs | Proprietary formulations, strong OEM relationships, half market share in 2W braking | B2B OEMs and aftermarket in automotive sector | Proprietary braking materials and premium segment products | 1333 | 37 | Revenue from OEM supply contracts and aftermarket sales | Contractual sales with volume-based pricing | EV adoption increasing demand for advanced braking; regulatory safety norms | |
| Aluminium Lightweight Precision Solutions (ALPS) | Aluminium die-castings, structural components, battery boxes for EVs and ICE vehicles | Advanced in-house tool room, technical collaborations, expanding new product pipeline | B2B automotive OEMs, including EV manufacturers | High precision alloy components for EV battery structures | 1806 | 50 | OEM contracts for supply of precision aluminium parts | Contract manufacturing agreements | Lightweighting trends, EV powertrain parts demand, export expansion | |
| Safety Control Cables (SCC) | Manufacture of clutch, throttle, speedometer, and brake cables for 2W, 3W and other vehicles | Joint venture with HSH, technological expertise in cable manufacturing | B2B OEMs and aftermarket channels | Aftermarket spares | 145 | 4 | OEM supply and aftermarket sales | Volume-based supply contracts | Growing 2W sales and aftermarket penetration | |
| Wheel Assembly | Assembly of alloy wheels for two-wheeler segment | Technical tie-up with Kyushu Yanagawa Seiki for advanced wheel technology | B2B two-wheeler OEMs | High pressure die-cast wheels | 176 | 5 | Contract manufacturing and sales | Fixed contract pricing | New technical collaborations for die-cast alloy wheels | |
