- CEO
- Balaji Gopalan
- Full Time Employees
- 1,800
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- B2/2 MIDC, Ranjangaon Pune MA India 412220
- IPO Date
- Dec 30, 2024
- Business
- Carraro India Ltd Carraro India Ltd (CARRARO.NS) manufactures axles, transmission systems, and gears for agricultural tractors and off-highway construction vehicles including backhoe loaders, compact wheel loaders, soil compactors, self-loading concrete mixers, telescopic boom handlers, cranes, and small motor graders; it also produces shafts, ring gears, and spare parts for industrial and automotive applications, with agricultural equipment accounting for 49.4% of turnover and construction equipment 38.4%. Headquartered in Pune, India, with manufacturing plants and an R&D center in the Ranjangaon area, the company operates primarily in the Indian market (62.5% of sales), followed by Europe (33.8%) and the Americas (3.1%), as part of the Italy-based Carraro Group; established in 1997 through a joint venture with Escorts Ltd., it supports OEM customers with in-house design, engineering, and full value-chain production capabilities. Recent developments include the 2024 acquisition of 99% shareholding in Carraro Technologies India Private Limited to bolster R&D, conversion to public limited company status with a fresh certificate of incorporation in August 2024 followed by an IPO in late 2024, launch of new axle ranges for telehandlers in September 2025, a major engineering services contract from Montra Electric in October 2025 for e-transaxle development in electric agricultural tractors, and Carraro Group's June 2025 announcement of Euro 350 million investment in India over 5-7 years including a new Pune plant to double capacity.