ASK Auto shares surged 3% after the company announced the start of commercial production at its new manufacturing facility in Karnataka on January 14, 2025. At 11:03 AM, the shares were trading 3.43% higher at Rs 443.45.
Operated by its wholly owned subsidiary, ASK Automobiles Private Limited, this marks the 18th facility for the group and the third under ASK Automobiles.
Strategically located to serve OEM customers in southern India, the facility enhances ASK Auto’s ability to meet regional demand while strengthening its market presence. This development aligns with the company’s growth strategy of expanding its operational footprint and boosting production capacity.
ASK Auto shares opened at ₹440.00 today, reaching a high of ₹444.75 and a low of ₹432.65. The stock is trading within a 52-week range of ₹240.10 to ₹508.95, showcasing significant volatility.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
