Monday, 22 August 2011

JBM Auto to invest Rs 200 crore in expanding production capacityjob

Auto component maker JBM Auto on Sunday said it is investing about 200 crore this fiscal in expanding production capacity at various locations across the country. 

"For this fiscal, the investment is around 200 crore, some of which is already going on. These are mainly at the new plants in Chennai, Sanand and also some other capacity expansion like in Pune," JBM Group Executive Director Nishant Arya said. 

He said the company has already invested about 35 crore out of a planned 50 crore at the Chennai plant for supplying parts to Nissan. The company is supplying parts for Nissan's compact car Micra and also for the upcoming sedan version of the car. "The capacity will go to 1 lakh parts per day from 70,000 parts per day by the end of the fiscal," Arya said. 

The capacity at the Pune plant is also being expanded to supply parts to Mahindra & Mahindra's upcoming light commercial vehicle, he added. "Investments are also going on for the plant at Sanand to supply parts to Tata's Nano," he said, but did not disclose details of investments and planned output from both these plants. The company's other plants are located at Faridabad, Greater Noida and Nashik. 

Source : Economic Times


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