Support and Resistance Levels
Past performance
About Federal-Mogul Goetze (India) Ltd Goetze (India) Ltd. (GIL), a joint venture of Federal Mogul, is a prominent manufacturer of automotive components in India, focusing on piston rings, pistons, and cylinder liners. Established in 1954 with German collaboration, GIL became a leader in its field following the acquisition of Escorts Mahle Ltd. in 2002, enhancing its production capacity to 50 million piston rings and over 8 million pistons annually. The company operates from plants in Patiala and Bangalore and has merged with Federal Mogul Sintered Products Ltd. to leverage synergies in sintered metal parts production.
Historically, GIL diversified into sectors such as food products and leather garments but restructured to focus on automotive components. It exited the leather business and plans to leave solvent extraction. Strategic decisions, like the acquisition and amalgamation of various entities, have bolstered its market position. The company aims to adapt to evolving emission norms, strengthening its role as a global supplier in the automotive industry.