Support and Resistance Levels
Past performance
About Setco Automotive Ltd Setco Automotive Ltd, originally Gujarat Setco Clutch Ltd, is a manufacturer specializing in clutch products, systems, and hydraulics. Established in 1982, the company operates four manufacturing units across India, the UK, and the USA. Over the years, Setco has expanded its production capacities and international presence. In 2005, it acquired the UK-based Lipe Clutch Division from Dana Corporation, enhancing its technological capabilities. Further expansion included a subsidiary in the USA and establishing operations in Dubai and Mauritius. The company also ventured into joint ventures and subsidiaries to broaden its market reach, such as the acquisition of Lava Cast Private Limited as a subsidiary in 2015.
Setco has faced operational challenges, including production constraints and financial struggles, leading to a rehabilitation proposal in 1999-2000. However, it has adapted to market changes by entering technical collaborations and launching new product lines like the Angle Spring Design Clutch for the American market and BS VI-compliant clutches. The company continues to evolve, with significant structural and product developments, including the transfer of its clutch manufacturing business in 2021.