Founded in 1996, Capricorn Motors Private Limited was started with an ‘automotive castings supplier’ perspective in mind but nearly a decade after that, the company began moving into its own product line of Custom made and Standard aluminium alloy wheels. CMPL is a family owned business driven by dedicated promoters with vast technical know how; Mr. Anil D Bhalerao (Founder & Technical Director) having been in the Aluminium Gravity Casting business for over 40 years and his son Mr. Abhay Bhalerao (Managing Director)

Mr. Anil Bhalerao first developed the alloy wheel for a Maruti Suzuki 800 in the year 1992 when the Indian car market were not aware of the concept of Alloy wheels. The Indian market became open to the Alloy wheels concept only a decade ago, so until then Capricorn remained a castings supplier for various sectors. Although Capricorn still supplies gravity castings, the custom alloy wheel business continues to hold a bigger share and increasing.

Currently Capricorn manufacturers and supplies (export as well as domestic) custom made alloy wheels for various automobile types including Go-karts, All Terrain Vehicles, Passenger Cars, Scooters, and Racing Vehicles etc. The company also manufactures wheels for Projects/Shows/Competitions etc. (e.g. Project Wheels manufactured for DC Design for their Renault Logan Steppe Project vehicle which was displayed at the Geneva Motor Show) Capricorn is also developing more sizes and designs continuously to establish its range in the Passenger Car alloy wheel market.