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Home arrow News arrow Mergers and Acquisitions arrow HV Axles and HV Transmissions are now 'TML Drivelines'
HV Axles and HV Transmissions are now 'TML Drivelines' Print E-mail
Written by Vijay   
Wednesday, 16 November 2011
Mumbai: HV Transmissions(HVTL) has been amalgamated into HV Axles(HVAL) and HVAL has been renamed 'TML Drivelines'. The amalgamation will harness synergies and graduate the two entities as a total driveline solutions provider, backed with appropriate skills and expertise.

TML Drivelines commenced their operations on November 14, 2011, after informing all the statutory bodies. The first invoice of TML Drivelines was also generated.

The facilities of TML Drivelines are located in Tata Motors’s Jamshedpur plant complex. It operates with two business verticals, transmissions and axles, with common corporate functions.

The company obtained the High Court Order for Amalgamation and Certificate of Incorporation, from the Registrar of Companies, for the name change.

"With the pooling and more efficient utilisation of resources, TML Drivelines will emerge as a stronger company," the company said in a statement.

 
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