Die Casting

On June 29, Craftsman Automation Limited announced that it completed the acquisition of the remaining 24% of the equity stake in DR Axion India Private Limited (DRAIPL). Further, it became its wholly-owned subsidiary on July 1, 2024. The total cost of acquisition stood at INR 2.5 billion.
Incorporated in December 2006, DRAIPL manufactures aluminum cylinder heads and cylinder blocks, auto components used in passenger vehicles, through gravity and low-pressure die castings. DRAIPL has a single manufacturing facility in Chennai.

Based on Craftsman Automation Limited stock exchange notification

On June 24, Craftsman Automation Limited entered a memorandum of understanding (MoU) with Sunbeam Lightweighting Solutions Private Limited (Sunbeam) and Kedaara Capital Fund II LLP (Kedaara), for acquiring the whole or part of the business of Sunbeam (excluding certain specific assets of Sunbeam situated in Gurugram) in one or more tranches.

Sunbeam Lightweighting Solutions is a manufacturer of high-pressure, low-pressure, gravity aluminum die castings, precision machined components and assemblies, and pistons.

Based on Craftsman Automation Limited stock exchange notification

On June 11, Abilities India Pistons and Rings announced that it was granted its second patent for a high-pressure die casting (HPDC) process for lightweight piston manufacturing. This technology will reduce the weight of pistons for two- and three-wheelers by 10-15%, leading to an annual aluminum saving of 307.5 tons based on the current production of 20 million vehicles.

Abilities India also plans to double the size of their R&D team and allocate 3% of its revenue to develop cutting-edge technologies further. 

Based on Patent certificate/ Abilities India Pistons and Rings social media update