ASK Automotive Share Price Hits 5% Upper Circuit After Partnership with Japanese Firm

Stock Market Today: Shares of ASK Automotive Limited, a prominent midcap auto ancillary company, surged and hit the 5% upper circuit during morning trades on Tuesday following its announcement of a strategic partnership with a renowned Japanese company for the manufacturing of High-Pressure Die Casted Alloy Wheels for two-wheelers.

ASK Automotive Share Price Movement

On March 4, 2025, ASK Automotive share price opened slightly higher at ₹340.40 on the BSE, compared to the previous day's close of ₹339.55. Shortly after, the stock climbed to an intraday high of ₹356.50, marking a 5% gain, locking it into the upper circuit limit for the day.

Strategic Partnership with Kyushu Yanagawa Seiki (Japan)

In a regulatory filing on March 3, 2025, ASK Automotive Limited announced its entry into a strategic partnership with Kyushu Yanagawa Seiki Co., Ltd. (KYSK), Japan. The two companies have signed a Technical Assistance and License Agreement (TALA) to produce high-pressure die-casted alloy wheels specifically designed for two-wheelers.

Key Highlights of the Partnership:

• Product Focus: Manufacturing premium, durable, high-performance alloy wheels for the two-wheeler segment.
• Safety & Standards: Ensuring international safety standards and superior quality.
• Market Segments: ASK Automotives caters to a wide range of two-wheelers from whether it is at entry-level or Premium Model.

Management Commentary

Commenting on the development, , Chairman and Managing Director, Mr Kuldip Singh Rathee, of ASK Automotive Limited, stated:

"Today, alloy wheels have become a critical component across all segments, especially in two-wheelers, ranging from premium-level to entry-segment. Our legacy and expertise in Aluminium Light Weighting Precision Solutions will support the development of high pressure die casted alloy wheels for two-wheeler. Our partnership with KYSK will facilitate us with critical technical assistance and know-how, helping us meet the required standards and manufacture the best in class products for our Identified Customer."

Why This Matters

ASK Automotive is already well-regarded for its brake shoes and advanced braking systems. This latest venture into alloy wheel production strengthens its product portfolio and positions it to capture growing demand in domestic and international two-wheeler markets.

As adopting premium components in two-wheelers accelerates, especially with the push for better safety and performance, ASK Automotive's strategic move is expected to play a significant role in its future growth.

Investor Takeaway

This strategic collaboration enhances ASK Automotive's technical capabilities and boosts investor sentiment, as reflected in today's stock surge. Market experts believe this deal could unlock new revenue streams and drive long-term growth.

ASK Automotive Stock Snapshot (as of March 4, 2025):