Chennai: Sundaram-Clayton It is an auto parts maker worth 16 TVS worth $100 million Motor Holding, which will invest Rs 400 crore in the expansion of his Indian plant, has invested 35 The US new plant construction covers an area of Rs 50 crore acre plant. Expected. The expansion (including a US joint venture) will increase the company’s capacity to 80,000 tons. On the investment front, the company has invested Rs 4.08 billion in the last five years.

The main reason for the US JV was to be geographically closer to the customers so that the supply can be flexible and nimble to meet the needs of the customers. Manufacturers’ production requirements are changing. The plant is due to open on 4 Construction is expected to start in month of 2018 Construction is expected to start production in 2018 annually. As a greenfield plant, the U.S. plant is expected to reach production, but sales growth will take slightly longer than the expansion of the India plant.

“The recent rise of protectionism by the new U.S. administration is a phenomenon that needs to be studied further,” said Lakshmi Venu, the company’s co-representative, adding, “The measure is to set up a plant in the U.S.” The state of affairs two years ago.

While the cost of production is not expected to be much different from Indian manufacturing, Vinu said, “Apart from cost, the priority for increasing production is to shorten the logistics, get closer to the coast and add more flexible supply.”

Dorchester County, S.C., was chosen because of its skilled labor force, proximity to the port and good business climate. Many of Sundaram-Clayton’s customers are located in the United States, which accounts for a large portion of the company’s exports. The rest of the exports are sent mainly to Germany and Sweden.

Commenting on the India business, Chairman Benu said, “The Indian auto component industry has doubled in size in the last 10 years and exports have grown rapidly. I am confident that Auto Components India has a bright future in India and in the Indian.” global markets.” The export market is also one of the fastest growing markets in India going forward and we believe we will continue to invest in India and grow significantly.