Rane (Madras) Limited (RML) has completed the acquisition of the Friction Business of Hindustan Composites Limited (HCL), strengthening its position in the automotive friction components market. The transaction follows the signing of a Business Transfer Agreement between the two companies on June 30, 2026. The agreement was subject to regulatory approvals and other customary closing conditions. With all required conditions now fulfilled, the acquisition has been successfully completed.
HCL’s Friction Business will be integrated with RML’s existing Brake Components Business. The integration will be carried out in phases, with the company focusing on combining the strengths of both businesses and creating operational benefits for customers and other stakeholders.
RML expects the acquisition to be earnings per share accretive from the first year. The company also sees opportunities to generate additional revenue and operating synergies as the two businesses are brought together. The acquisition strengthens RML’s established presence in the friction business and expands its capabilities in automotive brake components. By integrating the acquired operations with its existing business, RML aims to improve efficiencies and enhance the value it offers to customers across the automotive sector.
The company plans to use the complementary capabilities of the two businesses to support future growth. The integration process will focus on maintaining business continuity while identifying areas where the combined operations can improve productivity, customer service and market opportunities.
Rane (Madras) is part of the Chennai-based Rane Group, a major supplier of automotive components in India and international markets. The company serves leading original equipment manufacturers as well as the replacement market. RML manufactures a range of automotive products, including steering and suspension systems, brake components, engine components and light metal castings. Its products are used across several vehicle and industrial segments.
These include passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationary engines. The acquisition of HCL’s Friction Business adds to RML’s capabilities in a segment that plays an important role in vehicle safety and braking performance. The company expects the combined business to benefit from its existing customer relationships, manufacturing capabilities and market reach.
With the transaction now complete, RML will move ahead with the phased integration of the acquired operations. The company said the focus will remain on creating sustainable value while maintaining its established relationships with customers and business partners.
Rane (Madras) Limited is one of the principal companies of the Chennai-headquartered Rane Group and supplies automotive components to leading original equipment manufacturers and aftermarket customers in India and overseas. The company manufactures steering and suspension systems, brake components, engine components and light metal castings for passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationary engines. The acquisition is expected to strengthen RML’s competitive position in India’s growing mobility sector while expanding its capabilities to serve a wider customer base with an integrated portfolio of friction material solutions across multiple industries
