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MOTORINDIA
l
January 2012
HV Axles merged with HV Transmissions
HV Transmissions (HVTL) has been amalgamated
into HV Axles (HVAL) and HVAL has been renamed
TML Drivelines.
The amalgamation will harness synergies and help the
two entities emerge a total driveline solutions provider,
backed with appropriate skills and expertise. The pool-
ing and efficient utilisation of resources will help TML
Drivelines grow stronger.
TML Drivelines commenced operations on November
14. For the second quarter of 2011-12 (July-September)
it reported a profit after tax of about Rs. 55 crores and
for the first half of the year about Rs. 112 crores. In the
same quarter last year, HV Axles reported a profit of Rs.
22 crores and HV Transmissions a profit of about Rs. 20
crores.
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