Support and Resistance Levels
Past performance
About India Nippon Electricals Ltd India Nippon Electricals Ltd (INEL), founded in 1985, specializes in manufacturing ignition systems primarily for the two-wheeler sector. Collaborating with Mahle Electric Drives Japan Corporation, INEL has developed a strong R&D center recognized by the Indian government. The company operates three manufacturing units in India, located in Tamil Nadu, Pondicherry, and Haryana, and serves both domestic and international markets. Its product range includes flywheel magnetos, CDI units, ignition coils, integral units, and regulators/rectifiers.
INEL has expanded its offerings with innovations like EGR controllers and throttle position sensors for diesel engines, and BSIV products. Its commitment to R&D has led to 40% of its revenue coming from indigenously developed products. Recent strategic moves include a buy-back offer and a bonus issue of shares, and INEL became a subsidiary of Lucas India Services in 2022 after divesting its stake in Synergy Shakthi Renewable Energy Private Limited.