ASK Automotive Limited has declared its entry into the High Pressure Die Cast Two-Wheeler (2W) Alloy Wheel market. The firm made a calculated decision to collaborate with Taiwan’s LIOHO Machine Works Limited in order to get technological competence for the development of this new product line.
The goal of the seven-year relationship with LIOHO Machine Works Limited is to use their technical support in the design, development, and production of premium alloy wheels for two-wheelers. The project intends to start production in Q4 of FY25, with an emphasis on meeting or exceeding international norms for performance and safety.
ASK Automotive Limited’s chairman and managing director, Kuldip Singh Rathee, expressed confidence in the business endeavour by pointing to the company’s vast expertise in the Indian automotive sector. He underlined ASK Automotive’s dedication to breaking new ground in this market and the growing importance of alloy wheels across all two-wheeler sectors.
The announcement follows the financial results of ASK Automotive, which showed a notable increase in consolidated total income in Q3 FY24 and strong year-over-year growth in PAT and income. The company’s history of providing precision solutions and essential safety measures highlights its preparedness to enter the alloy wheel market.