Mumbai: Magna International, North America’s largest automotive parts supplier, has built two new plants in Sanand to fuel its future growth in India. The Canada-based, $360 1 billion auto parts giant plans to double or more than triple the size of its operations in India to nearly 450 times to $500 million in the next three to four years. On Wednesday, the company opened two plants for its seating division—-Magna Seating (part of Magna Motors India Private Limited) and Cosma International (a part). The investment in the Sanand plant reflects Magna’s commitment to the Indian market, Disai, Country Manager, India, Magna International, told The Economic Times. “It meets our current needs. If we need more production capacity, we may decide to expand in the future. We have enough production capacity to support Ford and other OEMs in Sanand. We are not only manufacturing in India and preparing for future growth. export, but we also design locally and then export, ...

The Varroc Group has 37 12 manufacturing facilities 12,4000 engineering centers Employees and 760 employees in 12 2016-17 countries with engineering expertise and is on a growth trajectory Annual sales reached $1.5 billion. Mumbai:Managing Director of Auto Parts Company Group, Rahul Bajaj nephew Tarang Jain After the successful leadership of the company, the company is now gearing up for the next phase of growth and is set to set up a company by the first quarter. IPO next year. I made a huge investment and the years of hard work have paid off,” Jain said. Jain said he will now leave the company and hire experts to expand his management. Aurangabad-based Varroc appointed Ashwani Maheshwari in April 2018 as CEO of its India operations. Co-leading the company’s metals business with Maheshwari is US-based Varoc Lighting Stephane Vedie. Both Maheshwari and Vedie report to Tarang Jain. TR Srinivasan (from Alliance Tire) was also recently appointed as Group Chief Financial Office...