Automotive Axles Limited was promoted as a joint venture in 1981, between the Kalyani Group and Rockwell International Corporation, U.S.A. with the object of setting up a plant at Hootagalli in Mysore, Karnataka, to manufacture 20,000 sets per annum of all types of complete automotive axles and axle assemblies, including components thereof and corresponding brake sets. Commercial production commenced on July 1, 1984. This delay in commencement of commercial production was due to the following factors: 1. time taken for obtaining the approvals for products from OE customers 2. delay in obtaining clearance for import of certain critical equipment 3. time taken for development of certain critical forgings and training manpower to achieve requisite skill levels The Plant was set up at a cost of Rs. 303 million, which was financed through term loans of Rs. 218.3 million, an Equity issue of Rs. 82.5 million and the balance was financed out of Central subsidies (Rs. 1.5 million) and deferred credit (Rs. 0.7 million). The Company entered the capital market with an issue of 16,50,000 Equity Shares at par in July, 1983 and the Issue was oversubscribed 8.03 times. 2002 -Appoints Mr Ashok Rao as President & Wholetime Director of Automotive Axles. 2003 -ICICI Mutual Fund through its various schemes acquires 795868 shares of the company representing 5.26% of the paid up capital of the company. 2004 -Automative Axles Ltd has informed that delisting of Companies Equity Shares from the Bangalore Stock Exchange and Pune Stock Exchange has been approved at the AGM held on January 29, 2004. The Company has further informed that Mr. Adelio Raschi has resigned as Director of the Company wef January 29, 2004. -Automotive Axles Ltd has informed that the Company's Equity shares are delisted from Bangalore Stock Exchange w.e.f. February 19, 2004. 2007 -AAL Opens New Occupational Health Centre -Automotive Axles Board approves interim dividend of Rs 6 per share 2008 -Automotive Axles Ltd has appoined Mr. Larry Dowers (who was an Additional Director on Board) as the Director liable to retire by rotation at the Annual General Meeting held on January 18, 2008. 2009 -Automotive Axles Board recommended a final dividend of Rs 2.7 per share 2010 -Appointed Mr.Satish Sekhri as an Additional Director of the Company -AutomtvAxles - Board recommends Final Dividend of Rs. 8.50 per share of Rs. 10/- each for the year 2009-2010 2011 -Company have established Contract Manufacturing Facility for producing the Trailer Axles 2012 -AutomtvAxles - Board recommends Final Dividend of Rs. 10/- per share of Rs. 10/- each for the year 2011-12 2013 -Our Team participated in "International Convention on QC Circle 2013" and Won the 1st Prize Excellence award which is held at Taipei. -Automotive Axles Ltd has informed that the Board of Directors of the Company recommended a Final Dividend of Rs. 2/- per share of Rs. 10/- each 2014 -Automotive Axles Ltd has informed that the Board of Directors of the Company recommended a Final Dividend of Rs. 2.50 per share of Rs. 10/- each 2015 -Established Speciality Axles Plant Manufacturing Unit 2016 -Machinist Super Shop-floor 2016 Award -Kaizen Awards at Vidyavardhaka College of Engineering, Mysore -Solar Plant installed at Brakes plant -Public Convenience Facility at Chamundi Hill, Inaugurated by Sri Siddaramaiah -Kaizen Awards at Bangalore 2021 -Industry Version 4.0 & Deming Award. 2023 -The Company has received the Gold Award at the ICQCC 2023 - Beijing Organized by China Association for Quality. 2024 -The Compan Received TPM Excellence, Category - A Awards 2023 From Japan Institute Of Plant Management (JIPM), Japan