Axles India is a joint venture of TSF Investments Limited & Wheels India. Axles India has the capability to provide Axle Housings for the entire range of Light, Medium and Heavy Commercial Vehicles. The capacity of Axle Housings is at an annual level of 400,000 Axle housings, manufactured in plants at Sriperumbudur, Cheyyar and Jamshedpur.

Axles India was started in 1982, as a joint venture with Eaton. In 1998, Dana Holding Corporation purchased Eaton Axles Business and Axles India’s shares were part of this arrangement. In 2025, TSF group purchased Dana’s share in entirety.

Axles India commenced production at its Sriperumbudur plant, with an annual volume of 10,000 axle housings to Ashok Leyland. In 1995, to meet the increased demand of domestic OEMs, an additional facility for Axle Housings was set up at Cheyyar.  In 2003, facility to manufacture Drive Head assemblies was installed. In 2006, production lines were established for catering to export markets. In 2011, Drive head business was sold to Dana India Private Limited. In 2025, a plant was established in Jamshedpur.

Axles India supplies to Tata Motors, VE Commercial Vehicles, Daimler India Commercial Vehicles, Dana India Commercial Vehicles Limited, SML Mahindra, Mahindra Trucks and Buses, , K Drive Mobility Solutions, Ashok Leyland & Wheels India. Axles India also exports to Dana (USA, Mexico, Brazil & Australia) and UD Trucks (Thailand & Japan).

Axles India has exported more than 1.3 million axle housings globally.