EW DELHI: Japan-based auto component maker Denso Corporation plans to invest Rs 300 crore to set up a new manufacturing facility at Gurgaon in Haryana as it looks to augment its production capabilities in India.
The company, which is present in India through its unit 'Denso International India', is also scouting for land in South India to set up a manufacturing plant to cater to the increasing demand.
"About Rs 300 crore will be invested to build a new plant in Gurgaon, Haryana. Denso has already acquired 1.5 lakh sq meter site for this plant, and we are now preparing to start production by the end of 2013," Denso International India Chairman and CFO Yasushi Nei told PTI.
The company would utilise the new plant to produce air- conditioning components like heat exchangers and various kinds of motors, Nei added.
The company has four manufacturing facilities in India. The company which started operations in the country in 1984 with the production of starters and alternators, is now looking to enhance its presence in the country by 2015.
"We will enhance our production, marketing and developing capabilities with a goal to increase fiscal year 2015 sales by 2.5 times the level of fiscal year 2010," Nei said.
The company's investments in the country -- Gurgaon, Bangalore and technical centre -- are all part of its efforts to enhance production capacities in the country, Nei added.
Denso has invested Rs 100 crore in February 2010 in a new plant in Bangalore and is also coming up with a technical centre in Gurgaon at an investment of Rs 150 crore.
Further, the company is also scouting for land in South India to cater to its various customers in the region.
"We are conducting a feasibility study to select a southern area to set up a manufacturing plant. This plant will help us expand customer base in South India," Nei said.
The company has various customers like Toyota, Hyundai and Ford which are based in southern part of the country.
In India, Denso manufactures car air-conditioning systems, radiators and products for two-wheelers such as generators and capacitor discharge ignition systems (CDIs).
Denso, which has technical collaborations with Subros, Pricol and Lucas TVS in India, also plans to add around 600 employees by 2015 to its existing strength of 3000 employees in India.
Globally, the company employs over one lakh employees and has posted net sales of $ 37.7 billion in 2010-11
No comments:
Post a Comment