Dana Holding Corporation’s (DAN) lightweight Spicer axles with AdvanTEK gears have found their way into Mahindra & Mahindra Ltd.’s new line of Indian sport-utility vehicles and small trucks. The production of Spicer axles for Mahindra is expected to start in mid 2015.
Spicer axles with AdvanTEK gears have low hypoid offsets, which increases efficiency and supports fuel economy. The axles are equipped with the proprietary assembly technology of Dana. In addition, the tough and lightweight nature of the axles helps deliver better power density and superior control of noise, vibration and roughness.
The axles will be produced by Spicer India Ltd in a facility located in Chakan, India. Spicer India is a joint venture of Dana and Anand Automotive Systems. The joint venture supplies axles, drivetrain products, and genuine service parts to original equipment manufacturers and aftermarket customers in India.
This product of Dana will fulfill Mahindra’s need for an efficient and lightweight product for its vehicles. Dana was bestowed the Best Supplier status in the vehicle proprietary category by Mahindra in 2012.
The award was given for its good quality products and timely delivery and for its support in developing rear and front axles for the Quanto. Mahindra’s Xylo is also equipped with Dana’s Spicer rear axles with AdvanTEK gear.
Over the last 20 years, Dana has supported major automakers with its products including axles and driveshafts. Major customers of Dana include Ford Motor Co. (F), Mazda, Nissan Motor Co. Ltd. (NSANY) and Tata Motors Ltd (TTM).
Maumee, OH-based Dana is one of the world’s leading suppliers of driveline, sealing, and thermal technologies, which enhances the productivity and performance of passenger, commercial and highway vehicles. Dana currently carries a Zacks Rank #3 (Hold).
Read the Full Research Report on F
Read the Full Research Report on NSANY
Read the Full Research Report on TTM
Zacks Investment Research
- Automotive Industry