Mahindra CIE automotive limited

Mahindra CIE Automotive Limited

Company limited by Shares (2) 1904+ employees

Mahindra CIE automotive limited Description

Mahindra CIE Automotive Limited is a multi-technology automotive components supplier that is listed on the stock exchanges in Mumbai. They are an alliance between the CIE group which holds the majority stake and the Mahindra group which also has a significant stake. It was established in the year 1999 and has its headquarters in Mumbai. They manufacture and supply automotive components in India and internationally. The company’s products include crankshafts, stub axles, steering components, and other forged parts. They also manufacture stampings such as body systems, chassis systems, and assemblies; gears, shafts, and Bevel set gears and castings, that includes axle and transmission parts, engine parts, bearing caps, brake calipers, and manifold tractor parts. The company offers their products for use in passenger cars, commercial vehicles, railways, earthmoving equipment, tractors, and gen set applications. They were formerly known as Mahindra Forgings Limited and changed its name to Mahindra CIE Automotive Limited in the year 2013. . The company is a multi-technology automotive components supplier listed on the stock exchanges in Mumbai. The company is in an alliance between the CIE group which holds the majority stake and the Mahindra group which also has a significant stake. The company also produces magnetic products like permanent magnets, soft ferrite cores, impeder cores, and magnetic induction lighting products, composites comprising sheet, dough moldings, auto parts, medical equipment covers and wind mill parts. The company's long list of customer's include: Hyundai, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, Renault, Ashok Leyland, Volvo India, Swaraj Mazda Ltd, Force Motors, BEML, Caterpillar, CNH, JCB and many more.

Mahindra CIE automotive limited Overview

INDIA HO
MUMBAI
COMPANY SIZE
264+ employees
CIN
L27100MH1999PLC121285
TYPE
Public
CATEGORY
Company limited by Shares
SUB-CATEGORY
Non-govt company
WEBSITE
http://www.mahindracie.com/
EMAIL
halbe.dvait@mahindra.com
FOUNDED
13 Aug,1999
PAID-UP CAPITAL
3,783,400,510
AUTHORISED CAPITAL
4,869,426,365
ACCREDIT
ISO/TS 16949
51 Related OEMs
6 No. of plants

Company Breakup

Name share
Public Financial Companies
0.08%
Foreign Holdings
5.55%
Others
0.01%
Bodies Corporate
71.23%
Mutual Funds
5.32%
Individuals
16.65%
Venture Capital Funds
0.00%
Banks
1.17%
Total Number Of Shareholders 113754
Shareholding As On 2017-04-27

Mahindra CIE automotive limited in News

11 Jul 2021

Mahindra Finance expands its global footprint, acquires 58.2% in Ideal Finance

Mahindra Finance entered into a contractual agreement with Ideal Finance in 2019, agreeing to acquire 58% stake by March 2021, which was mutually extended by both companies till September 2021. Mahindra Finance aims to replicate its business model with this investment in Ideal Finance thereby creating a leading financial services institution in Sri Lanka.

01 Jul 2021

Exclusive: Senior executives from Tata Motors, Renault design teams quit; join M&M

Competition in the auto industry has never been more intense, as manufacturers dabble in new technologies, such as autonomous driving and electrified powertrains. And as India becomes a crucial automotive market, with sales of passenger cars crossing the two million mark, onboarding top designers for auto majors is becoming crucial, experts say. Mahindra & Mahindra, it seems, has embarked on this mission of revamping and redesigning its design team with new leadership and fresh recruitments.

21 Jun 2021

Mahindra rolls out discounts of up to INR 3 lakh on SUVs

The company has listed these benefits ranging from INR 16,500 (for Bolero) to INR3.01 lakh (for Alturas) on its official website. The offers include cash offer, exchange bonus, corporate discount, and additional offers. They are valid up to June 30, 2021, and vary from dealership to dealership.

04 Jun 2021

Blaize Expands Asia-Pacific Distribution in Automotive, Retail, Metro and Industrial Markets via Partnership with Weikeng

Blaize is delivering AI computing hardware and software products built to overcome today's unmet requirements for compute and productization of AI applications at the edge. As such, Weikeng's leadership in edge computing: automotive, IoT and industrial segments including smart vision in retail, metro, security and factory is a great match for the Blaize product line.

21 May 2021

Wheels India plans Rs 100 crore capex

"A good portion of the Rs. 100 crore capex will go into the wind segment where we will be setting up a new plant in Thervoy Kandigai near Chennai," Managing Director Srivats Ram told reporters on Friday.

12 May 2021

M&M's sales volume may be lower by 20% in June quarter

"The rampant spread of the second wave of COVID-19 and lockdowns enforced in various states/parts of the country coupled with disruption in the supply of oxygen for industrial use, demand and supply for vehicles and tractors is expected to be impacted temporarily," M&M said.

05 May 2021

Solvay raises cash flow target as cost cuts bear fruit

First-quarter earnings before interest, tax, depreciation and amortization (EBITDA) rose 10.3% like-for-like from a year earlier to 583 million euros, above a company-provided consensus of 535 million euros.

30 Apr 2021

Companies shut plants, cut output to cope with fall in demand

Companies that have announced closures include Toyota, Maruti Suzuki, Hero Moto and Honda Motorcycles and Scooter India (HMSI), while those that have reduced output are understood to include Havells, Nippon Paints, Panasonic, Mercedes-Benz, Mahindra & Mahindra (M&M), LG (Pune factory) and Tata Motors.

27 Apr 2021

Thai March domestic car sales jump 25%, exports at 2-yr high

Domestic car sales in Thailand jumped 25.47% in March from a year earlier after two months of declines, helped by government stimulus and a motor show, industry data showed on Tuesday, but a third wave of coronavirus infections could slow sales.

Directors of Mahindra CIE automotive limited

Name DIN Email Designation Date of joining
Ander Arenaza Alvarez Unlock to View Unlock to View Director 13 Sep,2016
Shriprakash Shukla Unlock to View Unlock to View Director 01 Apr,2015
Suhail Amin Nathani Unlock to View Unlock to View Director 12 Dec,2014
Neelam Deo Unlock to View Unlock to View Director 29 Sep,2014
Juan Maria Bilbao Ugarriza Unlock to View Unlock to View Director 29 Sep,2014
Zhooben Dosabhoy Bhiwandiwala Unlock to View Unlock to View Director 29 Jul,2014
Dhananjay Narendra Mungale Unlock to View Unlock to View Director 04 Oct,2013
Manojkumar Madangopal Maheshwari Unlock to View Unlock to View Director 04 Oct,2013
Antonio Maria Pradera Jauregui Unlock to View Unlock to View Director 04 Oct,2013
Jose Sabino Velasco Ibanez Unlock to View Unlock to View Director 04 Oct,2013
Jesus Maria Herrera Barandiaran Unlock to View Unlock to View Director 04 Oct,2013
Krishnan Ramaswami Unlock to View Unlock to View Managing director 04 Oct,2011
Daljit Lilaram Mirchandani Unlock to View Unlock to View Director 29 Jul,2008
Hemant Hans Raj Luthra Unlock to View Unlock to View Whole-time director 24 Mar,2005

Mahindra CIE automotive limited deals in:

Components

A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-

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Financials

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Plant Details

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Clients

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