
Automotive Stampings & Assemblies Ltd
Past performance
About Automotive Stampings & Assemblies Ltd Automotive Stampings and Assemblies Limited (ASAL), a subsidiary of TATA AutoComp Systems Limited, operates within the automotive industry, specializing in manufacturing sheet metal stampings, welded assemblies, and modules. Incorporated in 1990, ASAL boasts four manufacturing facilities across India located in Maharashtra, Gujarat, and Uttarakhand. Originally promoted by the SK Arya group and Haryana State Industrial & Infrastructure Development Corporation, ASAL transitioned to a Tata Group joint venture in 1997, with Tata AutoComp Systems Ltd eventually becoming the sole promoter by 2010.
ASAL's strategic expansions include significant investments in manufacturing capabilities and partnerships with international firms for technological advancements. Notably, the company enhanced its offerings with the production of Battery Trays and Aluminium Cooling Tubes in 2022-23, aligning with India's Atma Nirbhar Bharat initiative. ASAL's shares are publicly traded on the Bombay Stock Exchange, reflecting its growth trajectory and integration within the Tata Enterprise.
Performance overview
