Axles India plans to manufacture
axle drive heads for multi-axle vehicles in technical collaboration with Dana
Corporation of USA. The company would be investing Rs.5.8 crore on its drive
heads assembly facility. Production is expected to commence within 15–18
months.
Dana Corporation has replaced
Eaton of UK as Axles India’s foreign partner. Presently, Dana and TVS have a 40
per cent stake each in Axles India.