Automotive Axles Limited
ICICI Prudential Mutual Fund sold 11,243 shares of Automotive Axles Limited, trimming its stake from 2.78% to 2.70%.
A leading manufacturer of automotive axles and drivetrain components for commercial vehicles, Automotive Axles supplies to major domestic and international truck and bus manufacturers. Established as a joint venture between Kalyani Group and Meritor Inc, the company specializes in components for light, medium, and heavy commercial vehicles, as well as military and off-highway applications. Its integrated manufacturing capabilities and focus on quality serve the evolving needs of the commercial vehicle sector.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.