Auto ancillary stock jumps after it signs agreement with ZF Rane for supplying parts to American car companyAuto ancillary stock jumps after it signs agreement with ZF Rane for supplying parts to American car company

Introduction:

Auto ancillary stock collaborated with ZF Rane to develop EPS system components. The project targets a leading American OEM’s pickup truck platform. This partnership boosts its North American presence and expands diversification in the EPS segment for domestic and export markets.

Share Price movement of RACL Geartech:

On February 7, 2025, RACL Geartech Ltd opened at ₹820.00. The stock reached a high of ₹825.00 rising 1.15% from its previous close of ₹815.60 and a low of ₹808.05. Currently the stock is trading at ₹815.50 with a market cap of ₹879.24 crore.

RACL Geartech signs new agreement:

RACL Geartech Limited has entered a strategic collaboration with ZF Rane, a ZF Group company, to jointly develop and supply key components for Electric Power Steering (EPS) systems. This includes ring gears, sun gears, drive gears, and planetary gear assemblies for passenger car applications.

The project aims to supply steering systems for a leading American OEM’s pickup truck platform. This partnership strengthens RACL Geartech’s presence in North America, supporting its diversification strategy in the EPS segment for both domestic and export markets, enhancing its global reach.

Prototype production is set to commence at the RACL Gajraula plant, with assembly and testing planned for Q2 FY25-26. This initiative represents a significant milestone in the company’s growth, aligning with its long-term vision of expanding into advanced automotive technologies.

Also Read: FMCG stock falls 14% after reporting 59.5% QoQ decline in net profits

Recent news About RACL Geartech :

On February 6, 2025, RACL Geartech Limited announced the operational readiness of its new manufacturing facility dedicated to producing parking lock mechanisms for BMW’s electric vehicles. This development signifies the company’s commitment to advancing in the electric vehicle component sector. 

Ace investor holding of  RACL Geartech:

Aniruddha Narayan Malpani holds a 1.59% stake in RACL Geartech Ltd, owning 1,70,981 shares valued at ₹13.9 crore. His stake increased by 0.45% in the latest quarter, reflecting confidence in the company’s growth and potential in the auto ancillary sector.  

Anjali Aniruddha Malpani owns a 1.42% stake in RACL Geartech Ltd, holding 1,53,102 shares worth ₹12.4 crore. She increased her stake by 0.27% this quarter, signaling strong belief in the company’s expansion strategy and long-term value creation in the automotive industry.

Stock performance of RACL Geartech for Period of 1 week, 6 months and 1 year:

RACL Geartech’s stock declined 4.38% over the past week, indicating short-term weakness. Over six months, it dropped 26.5%, reflecting sustained market pressure. The stock also fell 25.4% over the past year, highlighting a prolonged downtrend despite the company’s strategic expansion efforts.

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Shareholding pattern of RACL Geartech:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	53.31	53.32	53.33
FII	0	0	0.01
DII	0.05	0.04	0
Retail & others	46.63	46.64	46.66

About RACL Geartech:

RACL Geartech Ltd is a leading manufacturer of high-precision automotive and industrial gears. The company supplies components to global OEMs, focusing on electric power steering and drivetrain solutions. With strong export presence, it continues expanding in high-tech gear manufacturing and mobility solutions.

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.