The Company was incorporated under the name Mahindra Automotive Steels Limited on 13th August, 1999. The Certificate for commencement of Business was obtained on 5th October, 1999. The Company was a non operating company. Pursuant to a Scheme of Arrangement between Amforge Industries Ltd. and Mahindra Automotive Steels Limited, the entire Chakan unit of Amforge Industries Ltd.
Mahindra’s forging and machining facility is one of the finest and amongst the top 3 forging companies in India, with an installed capacity of 42,000 MT. Mahindra Forgings is the largest supplier of forged components like crankshafts and steering knuckles to the Indian Automotive market, commanding a 40% market share. Our presses churn out approximately 1 million crankshafts and 0.5 million steering knuckles per annum.
MSAT has in-place an elaborate expansion and growth plan for Mahindra Forgings to widen its existing range of capabilities and capacities. This is being implemented in a phased manner, the most recent of which includes the commissioning of a 100,000 nos. capacity crankshaft machining line. Furthermore, we have already committed our investments towards the connecting rod and steering knuckle machining lines that are scheduled to start operations within this year.
In early 2004, Mahindra & Mahindra (M&M) decided that the automotive components business had significant growth potential. M&M viewed forgings as a critical facet of this business. In a period of two years, Mahindra Forging has grown from revenues of zero to over $450 million dollars with a global footprint that includes multiple manufacturing facilities in India, Germany, and the UK. To create Mahindra Forgings in record time, a unique route of inorganic and organic growth was employed.
