Rane Engine Valve Limited is a part of
Rane Group of companies involved in the manufacture of
valves and
valve train components for various engine applications. Incepted in the year 1959, it is one of the oldest engine valve manufacturers that caters in the
auto industry. The company is headquartered in
Chennai and has five manufacturing locations with 1 plant in
Chennai, 2 in
Hyderabad, 1 in
Tumkur and a plant in
Tiruchirapalli. It is the largest manufacturer of engine valves in India with an 30% market share.
The company offers its products to companies engaged in the manufacture of
passenger cars, utility vehicles,
light commercial vehicles, medium and heavy commercial vehicles,
farm tractors, and
two and
three wheelers, typically from motor cycles to marine engines.
Volkswagen,
Deutz Deutz may refer to:
People
* Emmanuel Deutz (1763–1842), German-born French rabbi
* Rupert of Deutz, (–), Benedictine theologian and writer
* Simon Deutz (1802–1852), German-born French courtier
Places
* Deutz, Cologne, a former town, si ...
. It recently inaugurated its dedicated Lean Manufacturing Practices (LPS) line for Mahindra and Mahindra's Farm Equipment Sector in its Chennai plant. It also has a dedicated line for manufacturing valves for kappa engines of Hyundai motor.
The company has an Export market. About 30% of its turnover comes from export and the export markets include Europe, North America, and the Far East. The company was all ready to set up an Export-oriented unit (EOU) near
Visakhapatnam, but the plan was dropped later.
History
Rane group of companies was founded by Shri T. R. Ganapathy Iyer in the year 1929 and the group was originally named as
Rane Madras (Ltd). It started off as a distributor of
automobiles
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods.
The year 1886 is regarded as ...
and parts. After his death, the business was taken over by his son-in-law Lakshmana Iyer Lakshminarayan, popularly known as LLN, among friends and business circles. Under the leadership of LLN, the company was shaped into an auto-component business house. LLN remained as the
founder chairman of the group for over three decades.
;Early History
The company was incorporated in 1954 in
Chennai. The main objective of the company is to manufacture of valves for
internal combustion engines and ATE valves for
Mercedes Benz. It started with a technical collaboration with Farnborough Engineering Company Ltd. that lasted for over a decade till 1973. The valves are to be marketed under the trade name "EVL". In 1959, it established the first IC engines valve plant in chennai. In the year 1973, the company entered into a technical collaboration agreement with Kar Valves Ltd. (formerly Cochin State Power & Light Corpn. Ltd.), for the export of technical know-how and assistance for the manufacture of valves for internal combustion engines.
;Recent
Rane Engine Valve Limited was formed after Engine Valves Limited (EVL) was merged with its 100% subsidiary Engine Components Ltd (ECL) in the year 1999. The reverse merger, effective from FY99 is expected to benefit the new entity, reducing its tax liability, because of the carry forward losses of ECL. Rane Engine Valve Limited now has a more diversified product portfolio, absorbing the products of the 2 merging companies. It manufactured guides for internal combustion engines, engine
camshafts and
tappets, all catering to the
automobile industry. The Company is the largest manufacturer of engine valves in India with an 85% market share. The Company was taken over by RANE HOLDINGS LIMITED and it was delisted from
Bombay Stock Exchange on 15 February 2008.
Today, the company has five plants. The plants in
Alandur (Chennai),
Medchal (Hyderabad), Aziz Nagar (Hyderabad) and
Trichy are involved in the manufacture of Engine Valves and the plant in
Ponneri (Chennai)is involved in the manufacture of Guides and Tappets.
Awards and recognition
* The company was awarded ISO 14001 certification from RWTUV, Germany, for its environment management policy and systems in all its five manufacturing locations in the year 2002.
* The company received the QS 9000 certification from RWTUV, Germany in 2000.
* It also has ISO/TS 16949-2002 and ISO/TS 16949:2009 awarded during the years 2004 and 2010 respectively.
* Wins the Volkswagen Group Best Supplier Award for 2008.
* Awarded the ''Best in Class Performance in Quality PPM'' award by
Ashok Leyland
Ashok Leyland is an Indian multinational automotive manufacturer, headquartered in Chennai. It is owned by the Hinduja Group. It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955. Ashok Leyland is the second-most ...
during the year 2010–11
* Awarded ''Pancharatna Award'' for Best Supply Chain Management by
Mahindra and Mahindra (2010–11)
* The company received the `Best Supplier Award' from Deutz AG of Germany.
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References
{{Automotive industry in India
Manufacturing companies based in Chennai
Auto parts suppliers of India
1959 establishments in Madras State
Indian companies established in 1959
Manufacturing companies established in 1959
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange