OREANDA-NEWS. November 14, 2011. Reference to the press release dated February 14, 2011, on the decision of the boards of HV Transmissions (HVTL) and HV Axles (HVAL) to amalgamate HVTL into HVAL, this is to declare that HVTL has been amalgamated into HVAL and HVAL has been renamed ‘TML Drivelines’. In this process, it has obtained the High Court Order for Amalgamation and Certificate of Incorporation, from the Registrar of Companies, for the name change. 

The amalgamation will harness synergies and graduate the two entities as a total driveline solutions provider, backed with appropriate skills and expertise. With the pooling and more efficient utilisation of resources, TML Drivelines will emerge as a stronger company.

TML Drivelines commenced their operations on November 14, 2011, after informing all the statutory bodies. The first invoice of TML Drivelines was also generated, this morning.