Auto ancillary stock jumps 5% after receiving an order from M&M for Scorpio and XUV 3XO componentsAuto ancillary stock jumps 5% after receiving an order from M&M for Scorpio and XUV 3XO components

Introduction:

Leading automotive component manufacturer secures a ₹30 crore order from Mahindra & Mahindra for key Scorpio and XUV 3XO parts. The deal strengthens its position in the automotive sector, backed by advanced Industry 4.0 manufacturing capabilities.

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Share price movement of Autoline Industries:

On January 29, 2025, Autoline Industries Ltd. (AUTOIND) opened at ₹86.05, down 3.56% from its previous close of ₹89.25. The stock reached a high of ₹94.90 (4.65%) and a low of ₹86.05. By 1:00 PM, it traded at ₹93.40, a 4.65% increase, with a market cap of ₹363.92 crore.

Autoline Industries Secures ₹30 Crore Order:

Autoline Industries Limited has secured a prestigious ₹30 crore order from Mahindra & Mahindra (M&M) for critical components for their Scorpio and XUV 3XO models. This marks a significant milestone for the company in its growth trajectory.

The order underscores the trust M&M places in Autoline’s capabilities and innovation. With four essential components for each model, this deal will contribute an estimated annual revenue of ₹30 crores, strengthening Autoline’s position in the automotive sector.

The Pune manufacturing facility, equipped with Industry 4.0 technology, plays a crucial role in fulfilling M&M’s requirements. Automated systems and advanced processes ensure high-quality production, aligned with global sustainability goals.

Ace investor holding in Autoline Industries:

Utpal H. Sheth

Utpal H. Sheth holds a 2.38% stake in Autoline Industries Ltd., owning 1,027,000 shares valued at ₹9.6 crore. This significant holding underscores his confidence in the company’s potential and growth prospects.

Kiran Rashmin Rughani 

Kiran Rashmin Rughani holds a 1.00% stake in Autoline Industries Ltd., owning 433,000 shares valued at ₹4 crore. This stake reflects his confidence in the company’s performance and future growth prospects.

Stock performance of Autoline Industries for Period of 1 week, 6 months and 1 year:

Autoline Industries Ltd. has faced a decline in performance, with returns down 8.6% over the past week, 38% over the last six months, and 31.7% year-on-year. This dip highlights the challenges the company has encountered recently.

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Shareholding pattern of Autoline Industries:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	30.10%	33.40%	33.40%
FII	0.00%	0.00%	0.10%
DII	17.10%	19.30%	19.30%
Public	52.70%	47.30%	47.30%

About Autoline Industries:

Autoline Industries Limited (NSE: AUTOIND) is a leading auto components manufacturer, specializing in sheet metal components, assemblies, and subassemblies. With 10+ manufacturing facilities, it serves top OEMs globally, offering products for both passenger and commercial vehicles.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.