The auto component industry is poised at the threshold of a quantum leap. The group plans to capitalise on this potential be setting foot into the auto component market through strategic alliances and acquisitions.
Raymond has made a foray into Automotive Components by acquiring a controlling stake in a company manufacturing Flywheel Starter Gears and Integral Shaft Bearings for Water Pumps- Ring Plus Aqua Ltd.
Ring Plus Aqua manufactures its automotive components at two separate locations in integrated factories at Sinnar near Nasik. The Company has been accredited with the BVQI ISO/TS 16949 certificate and has earned the goodwill of global giants like GM, FORD, CATERPILLAR, CUMMINS, ARROW ENGINE COMPANY etc.
The product range includes:
