Rane looks to sell off non-core assets to improve asset utilisation
By RACE Innovations Pvt Ltd - 24th June 2025
India – Rane Holding Ltd, a Chennai-based automotive steering and suspension systems and part of the Rane Group, has announced that its Board of Directors has granted in-principle approval to explore the monetization of non-core assets. This means the potential sale of surplus land parcels as part of a broader initiative to improve asset utilization and sharper focus on core operations. The company will seek shareholder approval for any proposed transactions through a postal ballot, in compliance with regulatory requirements.
Rane Holdings Ltd, which bought itself out of its steering JV with Japan’s NSK last September, caters to a wide range of customers across the passenger vehicle, commercial vehicle, and farm equipment segments, serving both domestic and international markets. With manufacturing facilities spread across India, the company maintains a strong foothold in both the OEM and aftermarket sectors.
