ASK Automotive shares jumped 10% in two days following a strategic partnership with Japan-based Kyushu Yanagawa Seiki (KYSK) for high-pressure die-casted alloy wheels. The collaboration aims to enhance the production of premium-quality alloy wheels for two-wheelers, aligning with global standards. As of today, the shares hit the 5% upper limit at Rs 375.20.
In an exchange filing on Monday, ASK Automotive announced that KYSK will provide technical expertise and knowledge-sharing, ensuring superior performance and safety in the manufactured products. The alloy wheels will be supplied to select Japanese customers.
Kuldip Singh Rathee, Chairman and Managing Director of ASK Automotive, emphasized that the partnership will help the company achieve world-class manufacturing standards. “This collaboration with KYSK will provide us with critical technical assistance, enabling us to produce best-in-class alloy wheels,” he said.
The deal strengthens ASK Automotive’s market position and aligns with its strategy to expand into high-quality, safety-focused automotive components. Investors have responded positively, driving the stock’s recent surge.
ASK Automotive shares opened at ₹365.00, reaching a high of ₹375.20 and a low of ₹364.70. The stock has seen a 52-week high of ₹508.95 and a low of ₹240.10.
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