Texspin, one of the leading providers of cutting-edge technology solutions for the automotive industry in clutch, steering, chassis, axles and transmissions systems, has registered consistent growth. “Rather than a targeted growth, consistent growth is a key element in business. We have grown at 20 per cent in FY-18 with both the OEM division and the aftermarket performing well,” said Mr. Dipen Makwana, Managing Director, Texspin.
The company’s growth is propelled by the new projects undertaken by it with several OEMs. For instance, the company is working on the clutch actuation system as well as the clutch release bearing, which could be hydraulics, pneumatics or a combination of both. “We are working on a hydro-pneumatic bearing and believe to be the first company to do so in India. We have applied for patent for the same. It has not been in usage in India, and we are currently in the testing and validation phase with almost all the OEMs,” he disclosed.
In the wheel area, the company is working on the king-pin side and not merely on the unitized concept. It will enable a free-play on the wheel-end side, and hence even in this area of work, Texspin is looking to file a joint patent with OEMs. On the benefit of the free-play on the wheel end, he said: “It will reduce the tyre wear significantly and the end customer will not have to change the tyres earlier than 1.5 lakh km. It is nearly double the lifetime of the current wear and tear and the operator will have a low operational cost.”
Optimising weight is another area that Texspin has been working with its brand-new stamping unit in Plant-2. Even its clutch division has picked up steam in the aftermarket segment. “We are gradually growing there. Sales in the clutch division is still around Rs. 15 crores. We still need to give some gas to the steam and hopefully as the commercial vehicle segment continues faring well, we will grow even faster,” he said.
Texspin is also planning on projects with the electric vehicle development teams of OEMs in order to prepare themselves for the influx of electric passenger and commercial vehicles. “We have been working on clutch and hydraulics systems for electric vehicles. This includes working with electric transmissions with hydraulic systems, which will be more or less for both buses and passenger vehicle requirements,” concluded Mr. Makwana.