#### **Overview** Rane Holdings Limited (RHL) is the holding company of the **Rane Group**, a leading Indian automotive components manufacturer founded in 1929 and headquartered in **Chennai, Tamil Nadu**. With over 95 years of presence in the automotive industry, the group has evolved from a distributor of automobiles and spare parts into a globally recognized **original equipment manufacturer (OEM)** supplier and aftermarket player. RHL owns the **"Rane" trademark** and provides centralized corporate services to its group companies, including: - Investor relations and services - Employee training and HR development - Business development and strategy support - Information technology and management consultancy The group operates through multiple subsidiaries and joint ventures across India and internationally, serving diverse vehicle and industrial segments with technologically advanced automotive systems. --- #### **Core Business Areas & Product Portfolio** The Rane Group manufactures and supplies critical automotive components across the following key systems: - **Steering and Suspension Systems** - **Friction Materials** (Brake linings, disc pads, clutch facings) - **Valve Train Components** - **Occupant Safety Systems** (Seat belts, airbags) - **Light Metal Casting Products** (High-pressure die-cast aluminum components) - **Hydraulic Systems** (HSUs, steering cylinders) - **Connected Mobility Solutions** These products cater to a wide range of applications across: - Passenger Vehicles - Commercial Vehicles - Farm Tractors - Two- and Three-wheelers - Railways - Stationary Engines --- #### **Recent Strategic Developments (2025)** ##### **July 2025: Merger and Consolidation** In FY25, a significant **corporate restructuring** was completed: - **Rane Engine Valve Limited (REVL)** and **Rane Brake Lining Limited (RBL)** were merged into **Rane (Madras) Limited (RML)**. - This created a **consolidated entity** under RML with **five verticals**: 1. Steering & Linkage 2. Light Metal Castings 3. Engine Components 4. Brake Components 5. Aftermarket Products **Strategic Rationale**: - **Synergy creation** in sales, distribution, and R&D. - Unified **aftermarket business unit** to improve cross-selling and market reach. - Enhanced **inter-divisional collaboration** with shared governance and centralized support functions. - Focus on **operational agility** and long-term value creation. ##### **November 2025: Operational Scale** - **Group sales for Q2 FY26**: **₹1,973 crore** (~USD 222 million), reflecting sustained operational momentum and recovery. --- #### **Manufacturing & Global Presence** ##### **Domestic Facilities** The group operates **advanced manufacturing facilities across 25 locations in India**, including: - **Chennai, Mysore, Puducherry, Pantnagar, Hyderabad (Bollaram & Sadasivapet), Trichy**, and **Puducherry (RBL)**. - **Dedicated plants** for: - Steering gears and linkages (Chennai, Mysore) - Hydraulic systems (Mysore) - Aluminum high-pressure die-casting (Hyderabad) - Friction products (Hyderabad, Chennai, Trichy, Puducherry) ##### **International Subsidiaries** - **Rane Holdings America Inc. (USA)**: Supports North American business development. - **Rane Holdings Europe GmbH (Germany)**: Drives growth in European markets. - Both subsidiaries are **100% owned** and focus on **local market expansion and customer support**. > *Note*: **Rane Light Metal Castings America (LMCA)** in the USA has faced **ongoing demand challenges** due to a weak post-pandemic auto market. As of 2023, the Board of RML decided to restrict further investments and assess its long-term viability. --- #### **Key Subsidiaries & Joint Ventures** | Entity | Ownership | Focus Area | |-------|----------|----------| | **Rane (Madras) Limited (RML)** | Wholly-owned | Steering & linkage, hydraulic systems, light metal castings | | **ZF Rane Automotive India Pvt Ltd (ZRAI)** | 49% | Occupant safety (seat belts, airbags), hydraulic steering systems | | **Rane NSK Steering Systems Pvt Ltd (RNSS)** | 49% | Manual steering columns, electric power steering | | **Rane t4u Pvt Ltd** | 98.59% | Connected mobility solutions | | **Rane Auto Parts** | Wholly-owned | Aftermarket distribution | **Recent JV Developments**: - ZF Rane Automotive acquired **TRW Sun Steering Wheels Private Limited**, enhancing its occupant safety and system integration capabilities. - The strategic partnership with **ZF** (formerly TRW) has deepened over 35+ years, with Rane transferring additional stakes (50% → 49%) to strengthen cooperation in technology transfer and localization. --- #### **Financial Performance & Market Position** | Fiscal Year | Group Sales (INR) | USD Equivalent | |------------|-------------------|----------------| | FY24 | ₹7,199 crore | ~USD 870 million | | FY23 | ₹6,690 crore | ~USD 820 million | | FY22 | ₹5,313 crore | ~USD 700 million | | FY21 | ₹4,036 crore | ~USD 550 million | - **Revenue Mix**: Over **92% comes from powertrain-agnostic products**, insulating the business from technology shifts (e.g., EVs). - **Aftermarket Business**: Contributes **~35% of total sales**, with growing focus on international expansion. - **Exports**: On an upward trajectory in key segments like steering systems, valve train, and occupant safety products. Secured multi-year export contracts, including a **₹9 crore/year contract** from a European customer for light metal castings (as of 2021). #### **Market Leadership** - **#1 in India** for: - Manual and power steering gears - Steering linkage components - Strong leadership in **passenger vehicles and two-wheelers**. - Expanding presence in **commercial vehicles, tractors, and railways**. --- #### **Innovation & Operational Excellence** - **R&D Infrastructure**: - **Rane Brake Lining (RBL)**: Operates a cutting-edge R&D center with full-scale inertia dynamometers, NVH rigs, and mu-measurement systems. - **Comprehensive formulation library** of over 300 friction material recipes for diverse global standards. - Technical collaborations with **Nisshinbo Brakes Inc. (Japan)** and **TMD Friction**. - **Awards & Recognition**: - Multiple **Deming Prizes** (2000–2014) across five group companies, including the prestigious **Deming Grand Prize**. - Recognized as **Best Supplier** in the friction category by Brakes India. - **GreenCo Gold Rating** (CII) for the Trichy plant, highlighting sustainability in operations. - **Digitalization & Efficiency**: - Ongoing initiatives to digitize manufacturing and improve **operational excellence**. - In-house end-to-end testing facilities for functional, endurance, and environmental validation.