Established in 1993, Spicer India Pvt. Ltd is a joint venture between US-based Dana Inc., a manufacturer of automobile components such as axles and drive shafts, and New Delhi-based Anand Group, a conglomerate that produces automotive systems and components. The collaboration with Dana aids the production of single components, in addition to integrated modular systems.

The Pune-based company manufactures drive shafts, gears and axles for industrial machinery, and commercial and off-road vehicles.

Besides original equipment manufacturers such as Ashok Leyland Ltd, Mahindra Trucks and Buses Ltd (a subsidiary of Mahindra and Mahindra Ltd), Tata Motors Ltd and VE (Volvo Eicher) Commercial Vehicles Ltd, Spicer also supplies spares to the aftermarket.

Axles produced by the firm are used in vehicles such as crossovers, sport utility vehicles, light trucks, vans and pickup trucks. These components are manufactured at a plant in Chakan, Pune, which commenced production in 1996. Major customers serviced by the facility are Tata Motors and Mahindra Trucks.

Another plant at Pantnagar in Uttarakhand manufactures axles, in addition to drive shafts. Tata Motors and Ashok Leyland are the primary customers of this facility as well.

Driveshaft components are solely manufactured at the company’s oldest plant in Jodalli, Karnataka, while assembly takes place at Satara, Maharashtra. The Jodalli plant commenced production in 1995 and supplies parts to Tata Motors, Ashok Leyland, VE Commercial Vehicles and Dana. Gears are manufactured at a greenfield plant at Chakan, which became functional in 2011.

In FY18, up to December, utility vehicle sales rose 19.43% to 664,230 units, according to data provided by industry body Society of Indian Automobile Manufacturers. Meanwhile, commercial vehicle sales rose 10.6% to 491,981 units. Automakers consider dispatches to dealerships to be sales.

Analysts say the organized auto components sector, earlier crimped by the large unorganized economy, has benefitted immensely owing to more formalization after demonetization and the debut of the goods and service tax.

Spicer, which employs around 1,300 people across seven plants, ranked 26th in India’s Best Companies To Work For survey in 2017, up 26 places since 2016. The survey is conducted by the Great Place To Work Institute.

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