Support and Resistance Levels
Past performance
About Automobile Products of India Ltd Automobile Products of India, Ltd. (API) manufactures and sells Lambretta scooters, light trucks, clutch assemblies, hydraulic brakes, and brake linings. The company has faced fluctuating sales and financial challenges due to market recessions and industrial disputes, which impacted its turnover through the 1980s and early 1990s. Despite these challenges, API has shown resilience by continually adapting its product lines, such as increasing 3-wheeler production and developing new models like the Lamby Polo 150 scooter and rear-engine 3-wheelers.
API has engaged in technical collaborations with companies like Yamaha and developed various automotive components through its R&D unit. The company has sought financial assistance and restructuring plans from institutions like IDBI and SBI to modernize its operations and address financial constraints. Despite the applicability of the Sick Industrial Companies Act in 1987 due to net worth erosion, API continues to strive for market growth, focusing on exports and new product developments.