Endurance Technologies was originally incorporated as a private limited company at Mumbai under the name of “Endurance Suspension Systems (India) Private Limited” under the Companies Act, 1956 and received a certificate of incorporation dated December 27, 1999. The company is a complete solutions provider, providing end-to-end services by engaging its customers from conception to end-user delivery. Its development process includes design, development, validation, testing, manufacturing, delivery and aftermarket sale service for a wide range of technology-intensive auto component products leading to better customer satisfaction and diversification of its customer base.
The company is an innovation-driven company with strong focus on research and development (R&D), which allows it to develop new products suited to customer requirements. The company has 25 plants across India, Italy and Germany. It has18 manufacturing plants in India, all of which are strategically located in the major automotive manufacturing belts of the country, comprising eight in Aurangabad (Maharashtra), five in Pune (Maharashtra), two in Pantnagar (Uttarakhand) and one each in Manesar (Haryana), Chennai (Tamil Nadu) and Sanand (Gujarat), with two in-house tool rooms.
Buisness area of the company:
Endurance Technologies Limited is a leading automotive component manufacturing company in India. The company manufactures and supplies a diverse range of components for two-wheelers, three-wheelers, passenger vehicles, light commercial vehicles (“LCVs”) and heavy commercial vehicles (“HCVs”). Its products include:
Its Product division:
(I) Casting and Machining: The Company’s casting and machining division is its oldest business line. This division manufactures a wide range of aluminium die-casting components for two-wheelers, three-wheelers, passenger vehicles, LCVs and HCVs.
The five major product lines of the aluminium alloy casting and machining division are:
(II) Brakes: The Company’s brakes division was established in 2003 and began commercial production of hydraulic disc brake systems and their components in 2004 through a now-expired technical collaboration with an Italian manufacturer. It division manufactures a wide range of brake products for two-wheelers and three-wheelers.
The major products of the company's brakes division include:
(III) Suspensions: The Company’s suspension division was established in 1996 and began commercial production of shock absorbers in the same year. In 1998, the company expanded its product range to include front forks. It also commenced TPM initiative in the suspension division in 2004. In June 2008, the company entered into a joint venture with Magneti Marelli, forming Endurance Magneti Marelli Shock Absorbers (India) Private Limited to manufacture struts, shock absorbers and gas springs for passenger vehicles. This joint venture arrangement enabled the company to access new technologies developed by Magneti Marelli and also to obtain greater access to potential customers. As a result of this joint venture, the company believes that it has the ability to offer a complete portfolio of suspension solutions for passenger vehicles, LCVs and HCVs.
(IV) Transmissions: The Company’s transmissions division was established in 1998 and began commercial production of clutches in the same year. On January 30, 2002, the company established its subsidiary, HTTS India, through a joint-venture with Adler SpA of Italy, for the manufacture of two-wheeler transmission components. The company currently owns 85.0% of the shareholding in HTTS India and Adler owns the balance. Since its establishment, its transmission products are primarily manufactured by HTTS India.
The major products of its transmissions division include:
Further, the Company has a long-standing relationship with Bajaj Auto Limited, which is Company’s largest customer. The company has been supplying components to Bajaj Auto Limited since inception.