Hindustan Hardy Limited, established in 1982, specializes in the design and manufacture of propeller shafts and accessories for automotive, industrial, and agricultural applications. The company holds a technical license agreement with Glenkwellenban GmbH (GWB) and collaborates with XLO India Ltd for marketing expertise. GWB, through Dana Corporation, holds a 26% stake in Hindustan Hardy, following Dana's acquisition of GWB's parent group's propeller shaft business in 1999-2000.
Hindustan Hardy exports products to the UK, Sri Lanka, and Nepal, and has developed various specialized products such as the two-piece propeller shaft for Mahindra Allwyn Nissan's model and agricultural shafts for rotavators. Over the years, the company has expanded its production capacity significantly, reaching an installed capacity of 245,000 propeller shafts annually by 2000-01. The company rebranded from Hindustan Hardy Spicer Limited to Hindustan Hardy Limited in 2018.
