Introduction:
Auto ancillary stock has entered a strategic partnership with a Japanese firm to manufacture high-pressure die-casted alloy wheels for two-wheelers. This collaboration enhances its technical expertise, production quality, and market competitiveness, strengthening its position in the automotive industry while ensuring global standards compliance.
Share Price movement of ASK Automotive:
On March 4, 2025, ASK Automotive Ltd opened at ₹340.95, reaching a high of ₹357.35, up 4.99% from its previous close of ₹340.35, and a low of ₹340.95. The stock closed at ₹357.35, with a market cap of ₹7,044.89 crore.
ASK Automotive share price rise:
ASK Automotive Limited has partnered with Kyushu Yanagawa Seiki Co., Ltd. (KYSK), Japan, to manufacture high-pressure die-casted alloy wheels for two-wheelers. The agreement allows KYSK to provide technical expertise, ensuring high-quality production that meets global safety and performance standards.
The collaboration strengthens ASK Automotive’s position in the Indian automotive industry, leveraging its three decades of expertise in aluminum lightweighting solutions. The alloy wheels will cater to Japanese OEM customers, enhancing product reliability and market competitiveness while aligning with premium and entry-segment two-wheeler demands.
Chairman Kuldip Singh Rathee emphasized the significance of alloy wheels across all segments and the strategic advantage of KYSK’s technical assistance. This partnership enhances manufacturing capabilities, helping ASK Automotive produce world-class alloy wheels that ensure safety, superior performance, and compliance with global standards.
Also Read: Railway stock to watch after company receives Navratna status from Govt of India
Recent news About ASK Automotive:
On January 14, 2025, ASK Automotive’s wholly-owned subsidiary, ASK Automobiles Private Limited, commenced commercial production at its new manufacturing facility in Karnataka. This expansion aims to enhance the company’s production capacity and meet the growing demand in the automotive sector.
Stock performance of ASK Automotive for Period of 1 week, 6 months and 1 year:
ASK Automotive’s stock declined 19.4% over the past week, reflecting short-term volatility. Over six months, it dropped 25.4%, indicating sustained market pressure. However, the stock delivered an 18.1% gain over the past year, showcasing long-term resilience despite recent fluctuations in performance.
Also Read: Balaji Phosphates IPO: Check the latest allotment date for Balaji Phosphates IPO here
Shareholding pattern of ASK Automotive:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 78.95 | 78.95 | 85 |
| FII | 9.91 | 9.16 | 4.91 |
| DII | 4.66 | 4.51 | 4.2 |
| Retail & others | 6.47 | 7.38 | 5.87 |
About ASK Automotive :
ASK Automotive is a leading manufacturer of advanced braking systems, aluminum lightweighting solutions, and auto components for two-wheelers. With decades of industry expertise, it supplies high-quality products to major OEMs, ensuring safety, performance, and innovation in the automotive sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
