Launch of flywheel coolant and UJ cross
Supply of new clutch cover assembly to OEMs
Commencement of commercial operations of Lava cast
Setting up Diaphragm
Spring manufacturing facility.
Launched Foundry (Lava Cast Private Ltd) under JV arrangement
Forayed into New global markets, central Asia, MENA region, Africa, Latin America, and South Asia
Started vertical integration
Set up R&D
Set up SoA, Press Shop
PE investment by New Vernon
Set up SETCO UK – Acquired LIPE(UK) from Dana Corp, USA
Set up SETCO NA-Ahaldex Acquired US facility from Haldex AB Sweden
Technical collaboration with LIPE UK (division of Dana Corporation, USA) during India’s BS migration.