- Business
- Automobile Corporation of Goa Limited (ACGL) manufactures pressed parts, components, sub-assemblies and assemblies for automobiles; bus bodies and components including staff transport, luxury, city, defense, airport, school and sleeper buses; sheet metal products such as mud guards and floor panels; and fabricated assemblies. The company operates pressing divisions and a bus body building division through manufacturing facilities in Goa, Jejuri in Maharashtra and Dharwad in Karnataka, primarily serving the automotive industry in India with a focus on Tata Motors as a key customer. Jointly promoted in 1980 by Tata Motors Ltd and EDC Ltd, a Government of Goa undertaking, ACGL maintains headquarters in Goa and employs integrated management systems for quality, environment, health and safety.
In recent developments, Tata Motors Limited acquires 48.98% stake in ACGL through a composite scheme of arrangement involving demerger of its commercial vehicles business to TML Commercial Vehicles Limited, which is renamed Tata Motors Limited, positioning the latter as ACGL's promoter. The company reports strong Q2 FY26 financials with income of Rs 210.43 crore and profit before tax of Rs 19.66 crore. ACGL appoints Mitesh Gadhiya as Company Secretary and Compliance Officer effective October 14, 2025.