Abstract: A device for monitoring operation parameters of a vehicle axle including a measuring instrument (1) comprising at least a position sensor, a device (2) for communication of measured quantities to an external device, a mechanism (5) for conversion of mechanical energy of the axle to electrical energy and a memory (3) with a stored identification code. A device has the shape of a ring (4) that is applied on the vehicle axle in such a way that it encircles it. The ring (4) consists of at least two parts (4a, 4b) that are adapted for permanent connection around the vehicle axle. The mechanism (5) consists of a circumferential cavity (5a) in the inner part of the ring where a permanent magnet (5b) is freely positioned, at least one coil (5c), preferably four coils (5c) being positioned along its perimeter.